Charles Schwab Investment Management Inc. Buys 345,999 Shares of NextEra Energy, Inc. (NYSE:NEE)

Charles Schwab Investment Management Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,630,784 shares of the utilities provider’s stock after buying an additional 345,999 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of NextEra Energy worth $977,191,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Family Office LLC increased its stake in NextEra Energy by 1.0% during the 3rd quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock valued at $1,141,000 after purchasing an additional 139 shares in the last quarter. Second Line Capital LLC grew its stake in shares of NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 139 shares during the period. Drive Wealth Management LLC grew its stake in shares of NextEra Energy by 2.8% in the third quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 145 shares during the period. Accel Wealth Management grew its stake in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 145 shares during the period. Finally, L.M. Kohn & Company grew its stake in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after acquiring an additional 145 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.64 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market capitalization of $147.37 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.45 and a beta of 0.58. The firm’s 50 day simple moving average is $70.42 and its two-hundred day simple moving average is $76.25.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEE. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.