Korea Investment CORP Acquires 92,175 Shares of NextEra Energy, Inc. (NYSE:NEE)

Korea Investment CORP raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,697,838 shares of the utilities provider’s stock after purchasing an additional 92,175 shares during the period. Korea Investment CORP’s holdings in NextEra Energy were worth $121,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Aviso Wealth Management grew its stake in NextEra Energy by 73.6% in the fourth quarter. Aviso Wealth Management now owns 17,368 shares of the utilities provider’s stock valued at $1,245,000 after purchasing an additional 7,366 shares during the last quarter. Graney & King LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $46,000. Borer Denton & Associates Inc. raised its stake in shares of NextEra Energy by 9.4% during the 4th quarter. Borer Denton & Associates Inc. now owns 12,199 shares of the utilities provider’s stock worth $875,000 after acquiring an additional 1,053 shares in the last quarter. Account Management LLC lifted its position in NextEra Energy by 6.6% during the fourth quarter. Account Management LLC now owns 68,065 shares of the utilities provider’s stock valued at $4,880,000 after acquiring an additional 4,225 shares during the last quarter. Finally, Excalibur Management Corp boosted its stake in NextEra Energy by 32.4% in the fourth quarter. Excalibur Management Corp now owns 9,043 shares of the utilities provider’s stock valued at $648,000 after acquiring an additional 2,213 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.92.

NextEra Energy Stock Up 1.6 %

NYSE:NEE opened at $69.66 on Thursday. 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 company’s fifty day moving average price is $70.70 and its 200-day moving average price is $75.30. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The firm has a market capitalization of $143.28 billion, a P/E ratio of 20.67, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current 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 3.25%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

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.