DnB Asset Management AS Has $92.44 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

DnB Asset Management AS raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,289,368 shares of the utilities provider’s stock after buying an additional 147,437 shares during the period. DnB Asset Management AS owned about 0.06% of NextEra Energy worth $92,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NEE. Burkett Financial Services LLC boosted 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 purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth about $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy during the 4th quarter worth about $36,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in NextEra Energy by 2,482.6% during the 3rd 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 last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

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

NextEra Energy Stock Performance

Shares of NEE stock opened at $70.08 on Friday. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company’s fifty day simple moving average is $70.68 and its 200-day simple moving average is $75.27. The firm has a market cap of $144.15 billion, a PE ratio of 20.79, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts expect 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NEE shares. Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley increased their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.92.

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.