NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 574.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,572 shares of the utilities provider’s stock after buying an additional 12,412 shares during the quarter. AlphaQuest LLC’s holdings in NextEra Energy were worth $1,045,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares during the last quarter. Bank of New York Mellon Corp lifted its position in NextEra Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after buying an additional 588,038 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NextEra Energy by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after buying an additional 345,999 shares during the last quarter. Amundi lifted its position in NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in 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 valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Scotiabank boosted 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. Morgan Stanley boosted 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 cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 directly owns 27,427 shares in the company, valued at $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 SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 4.5 %

NEE stock opened at $76.14 on Tuesday. The company’s 50 day moving average price is $70.39 and its 200 day moving average price is $76.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $56.55 and a fifty-two week high of $86.10. The firm has a market capitalization of $156.62 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS 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. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

About NextEra Energy

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.