O Brien Greene & Co. Inc Acquires 363 Shares of NextEra Energy, Inc. (NYSE:NEE)

O Brien Greene & Co. Inc boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,910 shares of the utilities provider’s stock after acquiring an additional 363 shares during the quarter. NextEra Energy accounts for approximately 2.1% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 17th biggest holding. O Brien Greene & Co. Inc’s holdings in NextEra Energy were worth $6,589,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NEE. Empowered Funds LLC boosted its position in shares of NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after buying an additional 5,831 shares during the last quarter. Nordea Investment Management AB lifted its stake in NextEra Energy by 20.9% during 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 acquiring an additional 1,525,436 shares in the last quarter. Empower Advisory Group LLC boosted its holdings in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after acquiring an additional 41,328 shares during the last quarter. Swiss National Bank grew its stake in shares of NextEra Energy by 0.4% in the 3rd 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 in the last quarter. Finally, Czech National Bank raised its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $69.04 on Thursday. The company’s 50 day moving average is $70.62 and its 200-day moving average is $76.64. The firm has a market cap of $141.98 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 issued its earnings results 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 net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.28%. NextEra Energy’s dividend payout ratio is currently 61.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.85.

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.