Quantinno Capital Management LP Has $24.68 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Quantinno Capital Management LP raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 344,292 shares of the utilities provider’s stock after purchasing an additional 26,587 shares during the period. Quantinno Capital Management LP’s holdings in NextEra Energy were worth $24,682,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Aprio Wealth Management LLC increased its position in shares of NextEra Energy by 9.5% during the 4th quarter. Aprio Wealth Management LLC now owns 4,204 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 364 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of NextEra Energy by 13.8% in the fourth quarter. Brookstone Capital Management now owns 87,448 shares of the utilities provider’s stock valued at $6,269,000 after buying an additional 10,635 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of NextEra Energy by 1.5% during the 4th quarter. Capital Investment Advisors LLC now owns 62,400 shares of the utilities provider’s stock worth $4,473,000 after purchasing an additional 951 shares in the last quarter. Wedmont Private Capital raised its position in shares of NextEra Energy by 3.0% in the 4th quarter. Wedmont Private Capital now owns 15,159 shares of the utilities provider’s stock valued at $1,021,000 after buying an additional 437 shares in the last quarter. Finally, First Financial Corp IN lifted its stake in NextEra Energy by 7.0% during the fourth quarter. First Financial Corp IN now owns 15,549 shares of the utilities provider’s stock worth $1,115,000 after purchasing an additional 1,012 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.5%

NEE stock opened at $72.12 on Wednesday. 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 cap of $148.47 billion, a P/E ratio of 21.40, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company’s 50-day simple moving average is $68.75 and its 200-day simple moving average is $71.39.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is an increase 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 3.14%. NextEra Energy’s payout ratio is currently 84.64%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NEE. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Evercore ISI reduced 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 report on Monday, January 27th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.46.

About NextEra Energy

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.