NextEra Energy, Inc. (NYSE:NEE) Stock Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 124.0% in the fourth quarter, Holdings Channel reports. The firm owned 142,602 shares of the utilities provider’s stock after buying an additional 78,937 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in NextEra Energy were worth $10,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% during the 4th 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 acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $36,000. Finally, Harvest Fund Management Co. Ltd increased its holdings 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 valued at $50,000 after acquiring an additional 571 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $73.59 on Friday. NextEra Energy, Inc. has a 1-year low of $58.88 and a 1-year high of $86.10. The firm has a market capitalization of $151.37 billion, a PE ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58. The business’s 50 day moving average is $70.51 and its 200-day moving average is $75.87. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NEE shares. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Company 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.