173,680 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Allianz SE

Allianz SE purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 173,680 shares of the utilities provider’s stock, valued at approximately $12,463,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in NextEra Energy during the fourth quarter valued at $3,484,197,000. Boston Partners purchased a new stake in NextEra Energy during the 4th quarter valued at $244,169,000. Amundi raised its stake in shares of NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after acquiring an additional 3,172,405 shares during the period. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.44 on Friday. The company has a fifty day simple moving average of $70.67 and a 200-day simple moving average of $75.19. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $144.90 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results 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%. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Evercore ISI reduced 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. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average price target of $85.92.

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.