NextEra Energy, Inc. (NYSE:NEE) Position Increased by Ninety One UK Ltd

Ninety One UK Ltd increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.3% during the 4th quarter, HoldingsChannel reports. The firm owned 4,739,716 shares of the utilities provider’s stock after acquiring an additional 279,205 shares during the period. Ninety One UK Ltd’s holdings in NextEra Energy were worth $287,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $29,000. GeoWealth Management LLC lifted its holdings in shares of NextEra Energy by 124.1% in the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 304 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $34,000. Finally, Alaska Permanent Fund Corp lifted its holdings in shares of NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.28 during mid-day trading on Thursday, hitting $64.07. 4,901,490 shares of the stock traded hands, compared to its average volume of 11,776,587. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The firm has a market cap of $131.50 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.51. The company’s 50-day simple moving average is $59.58 and its 200-day simple moving average is $58.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period last year, the firm earned $0.51 EPS. As a group, 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 represents a $2.06 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NEE shares. Mizuho reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. BMO Capital Markets cut their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.