Parametrica Management Ltd Makes New $237,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Parametrica Management Ltd bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,300 shares of the utilities provider’s stock, valued at approximately $237,000.

A number of other large investors also recently added to or reduced their stakes in NEE. Ausdal Financial Partners Inc. increased its holdings in NextEra Energy by 14.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 6,776 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 871 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in NextEra Energy by 149.6% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider’s stock worth $887,000 after buying an additional 7,418 shares during the last quarter. UNIVEST FINANCIAL Corp grew its stake in shares of NextEra Energy by 0.4% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 314,165 shares of the utilities provider’s stock worth $22,523,000 after purchasing an additional 1,196 shares during the period. Morey & Quinn Wealth Partners LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $335,000. Finally, Ipsen Advisor Group LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $397,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $68.70 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $61.30 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a 50 day simple moving average of $70.70 and a two-hundred day simple moving average of $75.34. The company has a market capitalization of $141.32 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.58.

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, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Insider Activity

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 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 approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.