Heritage Investors Management Corp Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Heritage Investors Management Corp lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,186 shares of the utilities provider’s stock after purchasing an additional 2,651 shares during the period. Heritage Investors Management Corp’s holdings in NextEra Energy were worth $12,487,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NEE. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. National Bank of Canada FI increased its holdings in NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after acquiring an additional 1,369,689 shares during the last quarter. Geode Capital Management LLC increased its holdings in NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after acquiring an additional 820,704 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after purchasing an additional 588,038 shares in the last quarter. Finally, RWC Asset Management LLP boosted its holdings in shares of NextEra Energy by 313.0% during the 4th quarter. RWC Asset Management LLP now owns 673,317 shares of the utilities provider’s stock valued at $48,270,000 after purchasing an additional 510,302 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 0.4 %

NYSE NEE opened at $70.97 on Thursday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $145.99 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company’s 50-day simple moving average is $70.47 and its two-hundred day simple moving average is $76.42.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NEE. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Company 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.