Aigen Investment Management LP Invests $1.42 Million in NextEra Energy, Inc. (NYSE:NEE)

Aigen Investment Management LP purchased a new position in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,869 shares of the utilities provider’s stock, valued at approximately $1,424,000.

Other hedge funds have also recently made changes to their positions in the company. Burkett Financial Services LLC lifted its stake in 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 acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the fourth quarter worth about $28,000. Quarry LP purchased a new stake in NextEra Energy in the third quarter worth about $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the fourth quarter worth about $36,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in NextEra Energy by 2,482.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 571 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

NextEra Energy Stock Performance

NEE opened at $70.51 on Thursday. NextEra Energy, Inc. has a 52-week low of $55.26 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $145.03 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm’s 50-day moving average price is $70.33 and its 200-day moving average price is $76.16.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) 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%. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is 67.06%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.85.

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.