NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 68.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,406 shares of the utilities provider’s stock after acquiring an additional 13,199 shares during the period. Impax Asset Management Group plc’s holdings in NextEra Energy were worth $2,323,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NEE. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter worth about $27,000. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related 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 completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley raised their target price 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. Finally, Scotiabank raised their target price 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

NYSE:NEE opened at $71.28 on Wednesday. The company has a fifty day simple moving average of $70.46 and a two-hundred day simple moving average of $76.46. The company has a market cap of $146.62 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results 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%. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.18%. NextEra Energy’s payout ratio is 67.06%.

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.