NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,638 shares of the utilities provider’s stock after buying an additional 5,706 shares during the period. Citizens Financial Group Inc. RI’s holdings in NextEra Energy were worth $14,169,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC increased its position in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Assetmark Inc. increased its position in NextEra Energy by 14.0% during the third quarter. Assetmark Inc. now owns 162,506 shares of the utilities provider’s stock worth $13,737,000 after purchasing an additional 19,951 shares during the last quarter. Atria Investments Inc increased its position in NextEra Energy by 0.8% during the third quarter. Atria Investments Inc now owns 155,660 shares of the utilities provider’s stock worth $13,158,000 after purchasing an additional 1,295 shares during the last quarter. Sheets Smith Wealth Management increased its position in NextEra Energy by 9.9% during the third quarter. Sheets Smith Wealth Management now owns 7,245 shares of the utilities provider’s stock worth $612,000 after purchasing an additional 650 shares during the last quarter. Finally, XML Financial LLC increased its position in NextEra Energy by 2.7% during the third quarter. XML Financial LLC now owns 16,577 shares of the utilities provider’s stock worth $1,401,000 after purchasing an additional 429 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $76.14 on Tuesday. The company has a market capitalization of $156.62 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm has a fifty day simple moving average of $70.39 and a 200-day simple moving average of $76.01. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $56.55 and a twelve month high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.98%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is 67.06%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NEE shares. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 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 for the company in a research report on Monday, January 27th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Scotiabank increased 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 report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.85.

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.