Private Advisor Group LLC Has $16.94 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Private Advisor Group LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 236,248 shares of the utilities provider’s stock after acquiring an additional 8,046 shares during the period. Private Advisor Group LLC’s holdings in NextEra Energy were worth $16,937,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NEE. International Assets Investment Management LLC increased its holdings in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. increased its stake in NextEra Energy by 4,058.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares during the period. Nordea Investment Management AB increased its stake in 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 acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI lifted its position 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 valued at $184,795,000 after acquiring an additional 1,369,689 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NEE. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

NextEra Energy stock opened at $69.04 on Thursday. The stock has a 50-day moving average price of $70.62 and a two-hundred day moving average price of $76.64. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a market capitalization of $141.98 billion, a PE ratio of 20.49, a P/E/G ratio of 2.38 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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%. 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. 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 3.28%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 61.13%.

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.