Woodline Partners LP Buys New Stake in NextEra Energy, Inc. (NYSE:NEE)

Woodline Partners LP purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 123,496 shares of the utilities provider's stock, valued at approximately $8,853,000.

Other institutional investors also recently bought and sold shares of the company. Diversify Wealth Management LLC lifted its holdings in NextEra Energy by 36.4% during the 4th quarter. Diversify Wealth Management LLC now owns 5,312 shares of the utilities provider's stock valued at $358,000 after purchasing an additional 1,417 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after buying an additional 400 shares during the period. Simon Quick Advisors LLC increased its stake in NextEra Energy by 3.3% during the 4th quarter. Simon Quick Advisors LLC now owns 10,334 shares of the utilities provider's stock worth $741,000 after purchasing an additional 334 shares in the last quarter. XML Financial LLC lifted its position in NextEra Energy by 2.4% in the 4th quarter. XML Financial LLC now owns 16,970 shares of the utilities provider's stock valued at $1,217,000 after acquiring an additional 393 shares in the last quarter. Finally, Advisory Alpha LLC boosted its position in shares of NextEra Energy by 5.0% during the fourth quarter. Advisory Alpha LLC now owns 15,386 shares of the utilities provider's stock worth $1,103,000 after buying an additional 733 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on NEE. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets reduced their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays reduced their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, Evercore ISI lowered their price objective 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.39 during trading on Tuesday, hitting $68.15. The company had a trading volume of 6,386,764 shares, compared to its average volume of 11,134,311. The firm has a market capitalization of $140.29 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a 50 day simple moving average of $68.52 and a 200 day simple moving average of $70.93. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% 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.