NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 703.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,731 shares of the utilities provider’s stock after acquiring an additional 262,407 shares during the quarter. Los Angeles Capital Management LLC’s holdings in NextEra Energy were worth $18,206,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in shares of NextEra Energy by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,963,849 shares of the utilities provider’s stock worth $180,024,000 after purchasing an additional 154,992 shares in the last quarter. West Family Investments Inc. acquired a new position in shares of NextEra Energy during the fourth quarter worth $393,000. Mechanics Financial Corp boosted its stake in shares of NextEra Energy by 2.0% in the fourth quarter. Mechanics Financial Corp now owns 18,241 shares of the utilities provider’s stock valued at $1,108,000 after purchasing an additional 350 shares during the period. LGT Fund Management Co Ltd. grew its holdings in NextEra Energy by 91.8% during the 4th quarter. LGT Fund Management Co Ltd. now owns 18,384 shares of the utilities provider’s stock valued at $1,122,000 after purchasing an additional 8,800 shares in the last quarter. Finally, LGT Group Foundation increased its stake in NextEra Energy by 11.7% during the 4th quarter. LGT Group Foundation now owns 151,511 shares of the utilities provider’s stock worth $9,245,000 after buying an additional 15,813 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on NEE shares. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets upped their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Mizuho upped their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Up 1.9 %

NextEra Energy stock traded up $1.29 during midday trading on Friday, reaching $70.14. The stock had a trading volume of 12,687,503 shares, compared to its average volume of 11,442,457. The stock has a market capitalization of $144.10 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.50. The firm’s fifty day simple moving average is $61.74 and its 200-day simple moving average is $59.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business earned $0.84 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid 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 dividend yield of 2.94%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.