Lynch & Associates IN Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Lynch & Associates IN raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,392 shares of the utilities provider’s stock after acquiring an additional 2,953 shares during the period. Lynch & Associates IN’s holdings in NextEra Energy were worth $4,330,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NEE. Nordea Investment Management AB boosted its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its position in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after acquiring an additional 26,270 shares during the period. Swiss National Bank increased its stake in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after acquiring an additional 21,400 shares during the last quarter. Dillon & Associates Inc. raised its holdings in shares of NextEra Energy by 16.0% in the 3rd quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock worth $5,042,000 after purchasing an additional 8,184 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at $25,801,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of several research reports. Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.15.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NEE traded down $3.27 on Friday, reaching $67.39. The company had a trading volume of 15,997,642 shares, compared to its average volume of 8,364,711. The company has a market capitalization of $138.58 billion, a P/E ratio of 19.94, a PEG ratio of 2.66 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average of $74.43 and a 200-day moving average of $77.31. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.06%. NextEra Energy’s dividend payout ratio is 60.95%.

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.