NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by S&CO Inc.

S&CO Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,160 shares of the utilities provider’s stock after buying an additional 400 shares during the quarter. S&CO Inc.’s holdings in NextEra Energy were worth $1,042,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,561,055,000. Northern Trust Corp raised its position in shares of NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after purchasing an additional 455,271 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after purchasing an additional 429,979 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of NextEra Energy by 8.2% during the fourth quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after purchasing an additional 449,387 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.7 %

Shares of NYSE NEE traded up $1.29 during mid-day trading on Monday, reaching $76.61. 7,601,100 shares of the company traded hands, compared to its average volume of 11,642,652. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock has a market cap of $157.40 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.81 and a beta of 0.50. The company’s fifty day moving average is $67.50 and its two-hundred day moving average is $61.60. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $77.41.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Barclays began coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Mizuho increased their price objective on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.64.

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.