NextEra Energy, Inc. $NEE Stock Bought by Keybank National Association OH

Keybank National Association OH grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,687,902 shares of the utilities provider’s stock after acquiring an additional 22,682 shares during the period. Keybank National Association OH owned 0.08% of NextEra Energy worth $127,842,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in NextEra Energy during the 2nd quarter worth $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock valued at $1,430,834,000 after purchasing an additional 895,824 shares in the last quarter. Amundi lifted its holdings in shares of NextEra Energy by 46.5% in the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after buying an additional 4,231,814 shares during the period. Bessemer Group Inc. lifted its holdings in shares of NextEra Energy by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock worth $946,169,000 after buying an additional 799,546 shares during the period. Finally, GQG Partners LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter worth $651,293,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NEE. HSBC set a $103.00 price objective on NextEra Energy in a report on Thursday, October 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a report on Wednesday, October 21st. Jefferies Financial Group reissued a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. Weiss Ratings raised shares of NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

NextEra Energy Trading Down 0.7%

NEE opened at $86.27 on Wednesday. The firm has a market cap of $180.93 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.68 and a beta of 0.60. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The stock has a fifty day moving average price of $80.68 and a 200-day moving average price of $87.29.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same period in the prior year, the business posted $1.13 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a $0.6232 dividend. The ex-dividend date is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is currently 44.86%.

NextEra Energy Company Profile

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.