Capital International Inc. CA Buys 7,935 Shares of NextEra Energy, Inc. (NYSE:NEE)

Capital International Inc. CA boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,927 shares of the utilities provider’s stock after purchasing an additional 7,935 shares during the period. Capital International Inc. CA’s holdings in NextEra Energy were worth $4,870,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth $3,484,197,000. Boston Partners bought a new position in shares of NextEra Energy in the 4th quarter valued at about $244,169,000. Amundi increased its stake in shares of 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 raised its holdings in shares of NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group lifted its stake in 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 purchasing an additional 2,499,011 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.0 %

Shares of NYSE NEE opened at $66.29 on Monday. The stock has a market capitalization of $136.47 billion, a P/E ratio of 19.67, a PEG ratio of 2.45 and a beta of 0.58. The stock’s fifty day moving average is $69.63 and its 200 day moving average is $73.14. NextEra Energy, Inc. has a 52 week low of $61.72 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.

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 net margin of 28.06% and a return on equity of 11.85%. Sell-side 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NEE. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley cut their price target on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Erste Group Bank upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $85.15.

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.