NextEra Energy, Inc. (NYSE:NEE) Shares Bought by 1ST Source Bank

1ST Source Bank raised its position in NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,760 shares of the utilities provider’s stock after buying an additional 582 shares during the quarter. 1ST Source Bank’s holdings in NextEra Energy were worth $2,492,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NEE. Amundi increased its stake in NextEra Energy by 49.8% in the 4th 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 period. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. National Bank of Canada FI grew its stake in shares of NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares during the period. Proficio Capital Partners LLC grew its stake in shares of NextEra Energy by 13,375.2% during the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock worth $67,835,000 after purchasing an additional 939,209 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of NextEra Energy during the 4th quarter worth $65,657,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NEE shares. Morgan Stanley upped 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. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Scotiabank upped 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. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Transactions at NextEra Energy

In other 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $73.59 on Monday. The firm has a market cap of $151.37 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average is $70.51 and its two-hundred day moving average is $75.82. NextEra Energy, Inc. has a 12-month low of $59.44 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 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.