Stonebridge Capital Advisors LLC Buys 143 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stonebridge Capital Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,029 shares of the utilities provider’s stock after acquiring an additional 143 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in NextEra Energy were worth $513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Norges Bank bought a new position in NextEra Energy during the fourth quarter worth about $2,561,055,000. M&G Plc bought a new position in NextEra Energy during the first quarter worth about $303,065,000. State of Michigan Retirement System boosted its holdings in NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after buying an additional 2,250,500 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in NextEra Energy by 7,999.6% during 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 buying an additional 2,146,625 shares during the last quarter. Finally, Capital World Investors bought a new position in NextEra Energy during the fourth quarter worth about $114,953,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NEE shares. Citigroup raised their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Evercore ISI raised their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. BMO Capital Markets raised their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.00.

NextEra Energy Stock Up 1.1 %

NextEra Energy stock traded up $0.82 during midday trading on Friday, reaching $74.26. The stock had a trading volume of 7,076,174 shares, compared to its average volume of 10,298,145. The firm’s fifty day simple moving average is $73.90 and its 200-day simple moving average is $66.05. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The stock has a market capitalization of $152.57 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.43 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the firm earned $0.88 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, August 30th. 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.