Aua Capital Management LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)


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Aua Capital Management LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 294.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 536 shares of the utilities provider’s stock after buying an additional 400 shares during the quarter. Aua Capital Management LLC’s holdings in NextEra Energy were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Bahl & Gaynor Inc. raised its position in shares of NextEra Energy by 637.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 15,271,969 shares of the utilities provider’s stock worth $1,178,232,000 after buying an additional 13,201,254 shares during the period. California Public Employees Retirement System increased its holdings in NextEra Energy by 287.6% in the 4th quarter. California Public Employees Retirement System now owns 15,819,335 shares of the utilities provider’s stock valued at $1,220,462,000 after purchasing an additional 11,737,595 shares in the last quarter. Fisher Asset Management LLC increased its holdings in NextEra Energy by 316.9% in the 4th quarter. Fisher Asset Management LLC now owns 13,046,651 shares of the utilities provider’s stock valued at $1,006,549,000 after purchasing an additional 9,917,107 shares in the last quarter. Alliancebernstein L.P. increased its holdings in NextEra Energy by 281.8% in the 4th quarter. Alliancebernstein L.P. now owns 12,334,478 shares of the utilities provider’s stock valued at $951,605,000 after purchasing an additional 9,104,116 shares in the last quarter. Finally, Swiss National Bank increased its holdings in NextEra Energy by 291.7% in the 4th quarter. Swiss National Bank now owns 8,939,932 shares of the utilities provider’s stock valued at $689,716,000 after purchasing an additional 6,657,349 shares in the last quarter. 19.20% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on NEE shares. Morgan Stanley lowered their price target on NextEra Energy from $81.00 to $78.00 and set an “equal weight” rating for the company in a report on Wednesday, January 20th. Piper Sandler assumed coverage on NextEra Energy in a research note on Thursday, November 19th. They set an “overweight” rating and a $81.00 target price for the company. Mizuho raised their target price on NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 11th. Credit Suisse Group raised their target price on NextEra Energy from $77.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, January 27th. Finally, Bank of America restated a “buy” rating and set a $81.00 target price on shares of NextEra Energy in a research note on Friday, January 15th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $76.82.

NYSE:NEE opened at $74.57 on Tuesday. The company has a market capitalization of $146.15 billion, a price-to-earnings ratio of 37.83, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a one year low of $43.70 and a one year high of $87.69. The stock has a 50-day simple moving average of $81.77 and a 200 day simple moving average of $76.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.57.

NextEra Energy (NYSE:NEE) last issued its earnings results on Monday, January 25th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company posted $0.36 earnings per share. NextEra Energy’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 2.3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Friday, February 26th will be issued a $0.385 dividend. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $1.54 dividend on an annualized basis and a yield of 2.07%. NextEra Energy’s dividend payout ratio is currently 66.99%.

In other NextEra Energy news, CEO John W. Ketchum sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 22nd. The shares were sold at an average price of $74.44, for a total value of $297,760.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, and distributes electric power in North America. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages, and operates electric generation facilities in wholesale energy markets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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