44,467 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Asio Capital LLC

Asio Capital LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,467 shares of the utilities provider's stock, valued at approximately $2,701,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider's stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Geode Capital Management LLC boosted its position in shares of NextEra Energy by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 36,670,792 shares of the utilities provider's stock valued at $2,712,616,000 after acquiring an additional 1,437,501 shares during the last quarter. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC boosted its position in shares of NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider's stock valued at $2,530,055,000 after acquiring an additional 30,218,452 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of NextEra Energy by 2.0% during the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider's stock valued at $1,316,653,000 after acquiring an additional 455,271 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEE. JPMorgan Chase & Co. increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, November 29th. Citigroup initiated coverage on NextEra Energy in a research report on Friday, December 8th. They issued a "buy" rating and a $69.00 price target for the company. Guggenheim raised their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 22nd. Wells Fargo & Company raised their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, BMO Capital Markets raised their price target on NextEra Energy from $76.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.46.

NextEra Energy Stock Up 0.7 %

Shares of NextEra Energy stock traded up $0.42 during trading on Friday, hitting $61.78. 9,887,448 shares of the stock traded hands, compared to its average volume of 12,017,462. The firm has a market cap of $126.80 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The stock's fifty day simple moving average is $57.65 and its 200 day simple moving average is $58.78.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.44 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.33%. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. NextEra Energy's dividend payout ratio (DPR) is presently 57.06%.

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.