NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Greenleaf Trust

Greenleaf Trust lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,782 shares of the utilities provider’s stock after purchasing an additional 6,350 shares during the period. Greenleaf Trust’s holdings in NextEra Energy were worth $6,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC raised its holdings in NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after buying an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC purchased a new stake in NextEra Energy during the third quarter valued at about $141,817,000. Nordea Investment Management AB boosted its holdings 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 period. Finally, International Assets Investment Management LLC increased its position in shares of NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.5 %

NEE stock traded up $0.30 during trading hours on Friday, hitting $64.31. The company’s stock had a trading volume of 13,418,835 shares, compared to its average volume of 11,871,479. The company has a market capitalization of $131.99 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51. The stock has a 50 day moving average price of $59.73 and a two-hundred day moving average price of $58.43. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current 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 issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is 57.06%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NEE. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Barclays initiated coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price for the company. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.36.

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.