Aware Super Pty Ltd as trustee of Aware Super Purchases New Shares in NextEra Energy, Inc. (NYSE:NEE)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 267,730 shares of the utilities provider’s stock, valued at approximately $19,194,000.

Other hedge funds have also bought and sold shares of the company. Dagco Inc. raised its position in NextEra Energy by 1.9% in the 4th quarter. Dagco Inc. now owns 16,265 shares of the utilities provider’s stock worth $1,166,000 after purchasing an additional 305 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $8,020,000. Broyhill Asset Management purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $445,000. Belpointe Asset Management LLC lifted its stake in shares of NextEra Energy by 12.7% during the 4th quarter. Belpointe Asset Management LLC now owns 59,151 shares of the utilities provider’s stock worth $4,241,000 after acquiring an additional 6,659 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in NextEra Energy by 12.3% during the 4th quarter. CreativeOne Wealth LLC now owns 29,885 shares of the utilities provider’s stock valued at $2,142,000 after acquiring an additional 3,277 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $65.72 on Monday. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10. 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 firm has a market capitalization of $135.29 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.45 and a beta of 0.58. The stock’s 50-day simple moving average is $69.89 and its 200-day simple moving average is $73.78.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.45%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NEE. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.38.

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.