Investment Management Corp of Ontario Purchases 224,945 Shares of NextEra Energy, Inc. (NYSE:NEE)

Investment Management Corp of Ontario grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 329.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 293,156 shares of the utilities provider's stock after purchasing an additional 224,945 shares during the quarter. NextEra Energy makes up about 0.7% of Investment Management Corp of Ontario's portfolio, making the stock its 24th largest position. Investment Management Corp of Ontario's holdings in NextEra Energy were worth $21,016,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ORG Partners LLC boosted its stake in NextEra Energy by 19.0% during the fourth quarter. ORG Partners LLC now owns 3,377 shares of the utilities provider's stock worth $242,000 after acquiring an additional 540 shares in the last quarter. Czech National Bank raised its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock valued at $31,964,000 after purchasing an additional 27,340 shares during the period. Aprio Wealth Management LLC boosted 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 in the last quarter. Winthrop Advisory Group LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $217,000. Finally, Fiduciary Alliance LLC increased its position in NextEra Energy by 8.7% in the 4th quarter. Fiduciary Alliance LLC now owns 112,669 shares of the utilities provider's stock valued at $8,077,000 after buying an additional 9,039 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

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

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Barclays reduced their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $83.46.

NextEra Energy Stock Performance

Shares of NEE opened at $70.37 on Friday. The stock has a 50 day moving average of $68.73 and a 200 day moving average of $71.55. 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 12 month low of $61.72 and a 12 month high of $86.10. The company has a market capitalization of $144.87 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.45 and a beta of 0.69.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 84.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.