Xponance Inc. Has $20.86 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Xponance Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,947 shares of the utilities provider’s stock after purchasing an additional 5,588 shares during the period. Xponance Inc.’s holdings in NextEra Energy were worth $20,858,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NEE. Boston Partners acquired a new stake in NextEra Energy during the fourth quarter worth about $244,169,000. Generali Asset Management SPA SGR acquired a new stake in NextEra Energy during the 4th quarter worth $9,851,000. Evoke Wealth LLC grew its holdings in shares of NextEra Energy by 5.6% in the 4th quarter. Evoke Wealth LLC now owns 13,629 shares of the utilities provider’s stock valued at $977,000 after buying an additional 717 shares during the period. Clarity Wealth Development LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $202,000. Finally, PDS Planning Inc boosted its stake in NextEra Energy by 5.0% in the 4th quarter. PDS Planning Inc now owns 13,971 shares of the utilities provider’s stock worth $1,002,000 after purchasing an additional 667 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.9 %

NYSE NEE opened at $72.15 on Tuesday. NextEra Energy, Inc. has a one year low of $59.44 and a one year high of $86.10. The company has a market capitalization of $148.41 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company’s 50-day simple moving average is $70.54 and its two-hundred day simple moving average is $75.77.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NEE shares. JPMorgan Chase & Co. upped their price target 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. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $85.92.

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.