Delaney Dennis R Invests $239,000 in NextEra Energy, Inc. (NYSE:NEE)

Delaney Dennis R bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,340 shares of the utilities provider’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently made changes to their positions in NEE. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter valued at $3,484,197,000. Boston Partners bought a new position in NextEra Energy during the 4th quarter worth $244,169,000. Amundi raised its position in NextEra Energy by 49.8% during 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. California Public Employees Retirement System lifted its holdings in NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after buying an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock valued at $578,164,000 after buying an additional 2,499,011 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s 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 approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.8 %

Shares of NYSE NEE opened at $67.64 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a 50-day moving average price of $69.86 and a 200-day moving average price of $73.66. The stock has a market capitalization of $139.24 billion, a P/E ratio of 20.07, a P/E/G 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.

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, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.35%. 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 currently 67.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NEE shares. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley boosted their price target 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. Evercore ISI decreased their price objective on shares of 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. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $85.38.

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.