NextEra Energy, Inc. (NYSE:NEE) Shares Bought by World Investment Advisors

World Investment Advisors raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,978 shares of the utilities provider’s stock after purchasing an additional 10,195 shares during the period. World Investment Advisors’ holdings in NextEra Energy were worth $6,451,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in NextEra Energy during the 4th quarter worth about $3,484,197,000. Boston Partners purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $244,169,000. Amundi increased its holdings in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after buying an additional 3,172,405 shares during the period. California Public Employees Retirement System lifted its stake in NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after acquiring an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock valued at $578,164,000 after acquiring an additional 2,499,011 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley raised their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.08 on Friday. The company’s 50-day moving average is $70.77 and its two-hundred day moving average is $74.85. The firm has a market capitalization of $148.27 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.45 and a beta of 0.58. 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 $61.31 and a 1-year high of $86.10.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

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.