Generali Investments CEE investicni spolecnost a.s. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,000 shares of the utilities provider’s stock, valued at approximately $932,000.

Several other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its holdings in shares of NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Verity Asset Management Inc. purchased a new position in shares of NextEra Energy during the 3rd quarter valued at about $294,000. Capital Performance Advisors LLP purchased a new position in shares of NextEra Energy during the 3rd quarter valued at about $86,000. Leavell Investment Management Inc. lifted its holdings in shares of NextEra Energy by 1.4% in the 3rd quarter. Leavell Investment Management Inc. now owns 16,178 shares of the utilities provider’s stock valued at $1,367,000 after buying an additional 220 shares during the period. Finally, Equitable Trust Co. boosted its stake in shares of NextEra Energy by 20.9% in the third quarter. Equitable Trust Co. now owns 40,639 shares of the utilities provider’s stock worth $3,435,000 after buying an additional 7,036 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

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

NextEra Energy Price Performance

NextEra Energy stock opened at $72.86 on Friday. NextEra Energy, Inc. has a 52-week low of $56.31 and a 52-week high of $86.10. The firm has a market capitalization of $149.88 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.45 and a beta of 0.58. The company has a fifty day simple moving average of $70.30 and a 200-day simple moving average of $76.05. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio is 67.06%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Scotiabank boosted 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 raised their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Morgan Stanley raised 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.85.

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.