NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 91,455 shares of the utilities provider’s stock after acquiring an additional 1,429 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in NextEra Energy were worth $6,556,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NEE. International Assets Investment Management LLC lifted its stake in shares of NextEra Energy by 8,641.5% in 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 acquiring an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of NextEra Energy by 4,058.2% in the third 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 in the last quarter. Nordea Investment Management AB increased its holdings in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. National Bank of Canada FI increased its holdings in NextEra Energy by 167.7% in the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after buying an additional 1,369,689 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.8 %

NYSE:NEE opened at $69.04 on Thursday. 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 stock has a 50 day moving average of $70.62 and a 200-day moving average of $76.64. The firm has a market capitalization of $141.98 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

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, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.28%. NextEra Energy’s payout ratio is currently 61.13%.

Analysts Set New Price Targets

Several analysts recently weighed in on NEE shares. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.