Mn Services Vermogensbeheer B.V. Buys 16,800 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mn Services Vermogensbeheer B.V. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 810,428 shares of the utilities provider’s stock after acquiring an additional 16,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in NextEra Energy were worth $58,100,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $329,000. New York Life Investment Management LLC boosted its holdings in NextEra Energy by 0.5% in the fourth quarter. New York Life Investment Management LLC now owns 307,798 shares of the utilities provider’s stock worth $22,066,000 after acquiring an additional 1,576 shares in the last quarter. Lineweaver Wealth Advisors LLC increased its holdings in NextEra Energy by 11.8% in the 4th quarter. Lineweaver Wealth Advisors LLC now owns 43,821 shares of the utilities provider’s stock worth $3,142,000 after acquiring an additional 4,613 shares in the last quarter. Nwam LLC raised its stake in shares of NextEra Energy by 7.5% in the 4th quarter. Nwam LLC now owns 8,136 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 570 shares during the period. Finally, Heritage Investors Management Corp grew its holdings in shares of NextEra Energy by 1.5% during the fourth quarter. Heritage Investors Management Corp now owns 174,186 shares of the utilities provider’s stock worth $12,487,000 after purchasing an additional 2,651 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.85.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.4 %

Shares of NextEra Energy stock opened at $70.97 on Thursday. The firm’s 50 day moving average is $70.47 and its 200 day moving average is $76.42. The firm has a market capitalization of $145.99 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. 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 announced 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 net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share 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 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 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.