Parametrica Management Ltd Buys New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Parametrica Management Ltd purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,300 shares of the utilities provider’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its stake in shares of NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the period. Quest Partners LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at $183,000. Harvest Fund Management Co. Ltd boosted its stake in shares of 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 purchasing an additional 571 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in NextEra Energy by 7.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 199 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in NextEra Energy by 1.9% in the third quarter. Brown Brothers Harriman & Co. now owns 33,743 shares of the utilities provider’s stock valued at $2,852,000 after purchasing an additional 633 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley upped their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group dropped their target price 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 2.0 %

NYSE NEE opened at $68.70 on Wednesday. The company has a market capitalization of $141.32 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $61.30 and a 1-year 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 firm’s fifty day simple moving average is $70.70 and its 200-day simple moving average is $75.34.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

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.