OVERSEA CHINESE BANKING Corp Ltd Invests $227,000 in NextEra Energy, Inc. (NYSE:NEE)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,164 shares of the utilities provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares in the last quarter. Bank of New York Mellon Corp increased its position in NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after buying an additional 588,038 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in NextEra Energy by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after buying an additional 345,999 shares in the last quarter. Amundi increased its position in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Stock Performance

NEE stock opened at $71.17 on Friday. The company has a market cap of $146.40 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $61.29 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock’s fifty day moving average price is $70.55 and its 200-day moving average price is $75.63.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. 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. This represents a $2.27 annualized dividend and a yield of 3.18%. NextEra Energy’s payout ratio is 67.06%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction 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 transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.