NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,011 shares of the utilities provider’s stock after acquiring an additional 14,549 shares during the period. Amica Mutual Insurance Co.’s holdings in NextEra Energy were worth $7,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Northern Trust Corp increased its position in NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after buying an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock valued at $593,106,000 after buying an additional 148,674 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of NextEra Energy by 2.4% in the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after buying an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NEE shares. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Mizuho lifted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Barclays began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. Finally, Bank of America raised their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Stock Performance

Shares of NEE traded up $1.43 on Monday, reaching $67.42. 9,713,221 shares of the stock traded hands, compared to its average volume of 11,887,858. The firm has a market cap of $138.52 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The stock’s 50-day moving average price is $61.05 and its 200-day moving average price is $59.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

NextEra Energy 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.