NextEra Energy, Inc. (NYSE:NEE) Stock Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,778,016 shares of the utilities provider’s stock after buying an additional 1,359,268 shares during the quarter. Geode Capital Management LLC owned about 2.13% of NextEra Energy worth $3,129,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after purchasing an additional 2,090,538 shares during the period. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $3,484,197,000. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 588,038 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after acquiring an additional 345,999 shares during the last quarter. Finally, Amundi grew its stake in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after purchasing an additional 3,172,405 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.7 %

NEE stock opened at $70.92 on Tuesday. The firm has a market cap of $145.87 billion, a PE ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The company has a fifty day simple moving average of $70.67 and a 200 day simple moving average of $74.99. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. NextEra Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

Several research firms have issued reports on NEE. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank lifted 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 report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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 value of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.