OVERSEA CHINESE BANKING Corp Ltd Makes New $227,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,164 shares of the utilities provider’s stock, valued at approximately $227,000.

A number of other institutional investors have also added to or reduced their stakes in NEE. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter worth about $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth about $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth about $44,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.92.

NextEra Energy Trading Up 1.0 %

NYSE NEE opened at $71.17 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.29 and a fifty-two 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. The stock has a 50 day simple moving average of $70.55 and a two-hundred day simple moving average of $75.63. The stock has a market cap of $146.40 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.18%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

NextEra Energy Company 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.