Rathbones Group PLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Rathbones Group PLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 635,788 shares of the utilities provider’s stock after buying an additional 88,955 shares during the period. Rathbones Group PLC’s holdings in NextEra Energy were worth $45,580,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its holdings in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the period. Quarry LP purchased a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. DF Dent & Co. Inc. grew its holdings in shares of NextEra Energy by 14.2% in the 3rd quarter. DF Dent & Co. Inc. now owns 22,550 shares of the utilities provider’s stock worth $1,906,000 after acquiring an additional 2,808 shares during the period. Zacks Investment Management boosted its position in NextEra Energy by 12.0% during the third quarter. Zacks Investment Management now owns 276,803 shares of the utilities provider’s stock worth $23,398,000 after purchasing an additional 29,722 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in NextEra Energy in the third quarter valued at $1,292,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley upped their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Buying and Selling

In related 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 in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 7.2 %

Shares of NextEra Energy stock opened at $66.97 on Monday. 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. The business has a 50-day moving average of $70.65 and a 200-day moving average of $74.59. The company has a market capitalization of $137.86 billion, a PE ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. 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.