NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 232.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,219 shares of the utilities provider’s stock after acquiring an additional 37,919 shares during the period. Desjardins Global Asset Management Inc.’s holdings in NextEra Energy were worth $3,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Avitas Wealth Management LLC lifted its position in NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc lifted its position in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after buying an additional 6,325 shares in the last quarter. Asio Capital LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $2,701,000. Finally, Robertson Stephens Wealth Management LLC lifted its position in NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 1,211 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday. Mizuho restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.36.

NextEra Energy Trading Down 1.8 %

Shares of NEE stock traded down $1.11 on Tuesday, hitting $61.64. The stock had a trading volume of 7,006,710 shares, compared to its average volume of 11,754,639. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a market capitalization of $126.51 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.27 and a beta of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company’s 50 day moving average price is $59.32 and its 200-day moving average price is $58.32.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the firm posted $0.51 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

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.