NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Alley Investment Management Company LLC

Alley Investment Management Company LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,739 shares of the utilities provider’s stock after acquiring an additional 5,182 shares during the period. NextEra Energy comprises 1.8% of Alley Investment Management Company LLC’s holdings, making the stock its 24th largest position. Alley Investment Management Company LLC’s holdings in NextEra Energy were worth $14,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB boosted its position in NextEra Energy by 20.9% during 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 boosted its position in NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Proficio Capital Partners LLC boosted its position in NextEra Energy by 13,375.2% during the fourth quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock worth $67,835,000 after purchasing an additional 939,209 shares in the last quarter. Geode Capital Management LLC boosted its position in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in NextEra Energy by 4.2% during the fourth 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. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was 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 approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.1 %

Shares of NYSE NEE opened at $71.64 on Tuesday. The company has a market capitalization of $147.37 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth 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. The business has a 50-day moving average of $70.42 and a two-hundred day moving average of $76.25. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

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

NextEra Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price 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.