19,209 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,209 shares of the utilities provider’s stock, valued at approximately $1,377,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $70.92 on Friday. 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 business’s 50 day simple moving average is $70.62 and its two-hundred day simple moving average is $75.56. The stock has a market capitalization of $145.87 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $61.30 and a one year high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy’s payout ratio is 67.06%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley increased their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.92.

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.