Legal & General Group Plc Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Legal & General Group Plc lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,677,850 shares of the utilities provider’s stock after selling 4,013,153 shares during the quarter. Legal & General Group Plc owned about 0.76% of NextEra Energy worth $1,123,945,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ritter Daniher Financial Advisory LLC DE increased its position in shares of NextEra Energy by 2.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 12,713 shares of the utilities provider’s stock worth $911,000 after acquiring an additional 250 shares in the last quarter. Waterloo Capital L.P. increased its holdings in NextEra Energy by 4.9% in the 4th quarter. Waterloo Capital L.P. now owns 22,555 shares of the utilities provider’s stock valued at $1,617,000 after purchasing an additional 1,049 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in NextEra Energy by 1.6% in the fourth quarter. Peapack Gladstone Financial Corp now owns 472,657 shares of the utilities provider’s stock valued at $33,884,000 after purchasing an additional 7,219 shares during the period. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of NextEra Energy during the fourth quarter worth about $941,000. Finally, Ilmarinen Mutual Pension Insurance Co boosted its position in shares of NextEra Energy by 2.6% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 339,356 shares of the utilities provider’s stock worth $24,328,000 after buying an additional 8,500 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction 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. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Morgan Stanley boosted their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Scotiabank upped their price objective 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. Finally, Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. 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 has a consensus rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Down 7.2 %

Shares of NextEra Energy stock opened at $66.97 on Monday. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The stock has a market capitalization of $137.86 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.45 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. The business’s 50 day simple moving average is $70.65 and its 200-day simple moving average is $74.59.

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 analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) 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.