Korea Investment CORP Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Korea Investment CORP boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,697,838 shares of the utilities provider’s stock after purchasing an additional 92,175 shares during the quarter. Korea Investment CORP owned about 0.08% of NextEra Energy worth $121,718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Burkett Financial Services LLC lifted its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $44,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.6 %

NYSE:NEE opened at $69.66 on Thursday. The company has a market cap of $143.28 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $70.70 and a 200-day simple moving average of $75.30.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Morgan Stanley increased their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.