Brevan Howard Capital Management LP Makes New $6.08 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

Brevan Howard Capital Management LP bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,818 shares of the utilities provider's stock, valued at approximately $6,081,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its stake in 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 buying an additional 1,525,436 shares during the period. Legacy Wealth Management LLC MS grew its holdings in shares of NextEra Energy by 11.3% during the 4th quarter. Legacy Wealth Management LLC MS now owns 4,882 shares of the utilities provider's stock valued at $350,000 after acquiring an additional 494 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of NextEra Energy by 24.0% in the fourth quarter. CWA Asset Management Group LLC now owns 21,245 shares of the utilities provider's stock worth $1,523,000 after acquiring an additional 4,110 shares during the last quarter. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its position in NextEra Energy by 2.4% during the fourth quarter. Advance Capital Management Inc. now owns 8,135 shares of the utilities provider's stock valued at $583,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NEE shares. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.46.

NextEra Energy Stock Performance

NEE traded up $0.98 during midday trading on Thursday, reaching $68.34. The company's stock had a trading volume of 13,029,423 shares, compared to its average volume of 10,765,616. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a fifty day simple moving average of $68.80 and a 200 day simple moving average of $71.84. The stock has a market cap of $140.68 billion, a P/E ratio of 20.28, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.32%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's payout ratio is currently 84.64%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

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.