Boston Partners Purchases Shares of 3,413,840 NextEra Energy, Inc. (NYSE:NEE)

Boston Partners 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 Securities and Exchange Commission (SEC). The firm purchased 3,413,840 shares of the utilities provider’s stock, valued at approximately $244,169,000. Boston Partners owned about 0.17% of NextEra Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR acquired a new stake in shares of NextEra Energy in the fourth quarter worth $9,851,000. Evoke Wealth LLC grew its stake in shares of NextEra Energy by 5.6% in the fourth quarter. Evoke Wealth LLC now owns 13,629 shares of the utilities provider’s stock worth $977,000 after acquiring an additional 717 shares during the last quarter. Clarity Wealth Development LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $202,000. PDS Planning Inc grew its stake in shares of NextEra Energy by 5.0% in the fourth quarter. PDS Planning Inc now owns 13,971 shares of the utilities provider’s stock worth $1,002,000 after acquiring an additional 667 shares during the last quarter. Finally, Mystic Asset Management Inc. grew its stake in shares of NextEra Energy by 7.2% in the fourth quarter. Mystic Asset Management Inc. now owns 22,985 shares of the utilities provider’s stock worth $1,648,000 after acquiring an additional 1,542 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.1 %

Shares of NYSE NEE opened at $70.63 on Wednesday. The stock has a market cap of $145.28 billion, a PE ratio of 20.96, a PEG ratio of 2.45 and a beta of 0.58. The business has a fifty day moving average of $70.54 and a two-hundred day moving average of $75.70. NextEra Energy, Inc. has a 52-week low of $60.26 and a 52-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.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated 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 directly owns 27,427 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI lowered their price objective 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. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.92.

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.