NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Ninety One UK Ltd

Ninety One UK Ltd boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,739,716 shares of the utilities provider’s stock after purchasing an additional 279,205 shares during the quarter. Ninety One UK Ltd owned about 0.23% of NextEra Energy worth $287,890,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ninety One North America Inc. raised its stake in NextEra Energy by 62.0% in the 4th quarter. Ninety One North America Inc. now owns 159,541 shares of the utilities provider’s stock valued at $9,691,000 after purchasing an additional 61,058 shares during the last quarter. Tranquility Partners LLC raised its stake in NextEra Energy by 48.2% in the 4th quarter. Tranquility Partners LLC now owns 19,118 shares of the utilities provider’s stock valued at $1,161,000 after purchasing an additional 6,218 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in NextEra Energy by 91.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,106 shares of the utilities provider’s stock valued at $310,000 after purchasing an additional 2,438 shares during the last quarter. Tandem Investment Advisors Inc. raised its stake in NextEra Energy by 19.1% in the 4th quarter. Tandem Investment Advisors Inc. now owns 1,258,973 shares of the utilities provider’s stock valued at $76,470,000 after purchasing an additional 201,662 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in NextEra Energy by 74.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 325,697 shares of the utilities provider’s stock valued at $19,783,000 after purchasing an additional 139,454 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.4 %

Shares of NEE traded up $0.28 during midday trading on Thursday, hitting $64.07. The company had a trading volume of 4,901,490 shares, compared to its average volume of 11,776,587. 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. The firm has a market capitalization of $131.50 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 business had revenue of $6.88 billion during 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 quarter last year, the business posted $0.51 EPS. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 3.22%. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NEE shares. Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price for the company. Wells Fargo & Company raised their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets cut their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price 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.