Lbp Am Sa Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Lbp Am Sa boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 119.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 598,406 shares of the utilities provider’s stock after purchasing an additional 325,840 shares during the period. Lbp Am Sa’s holdings in NextEra Energy were worth $42,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $36,000. Finally, Harvest Fund Management Co. Ltd raised its stake in NextEra Energy by 2,482.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after buying an additional 571 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, 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 SEC, which is available through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 0.3 %

Shares of NextEra Energy stock opened at $72.70 on Friday. The company has a 50-day simple moving average of $70.48 and a two-hundred day simple moving average of $75.92. NextEra Energy, Inc. has a 52-week low of $58.88 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market capitalization of $149.55 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.12%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley increased their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Evercore ISI reduced 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 report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.92.

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.