Prudential PLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Prudential PLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,418 shares of the utilities provider’s stock after purchasing an additional 32,612 shares during the period. Prudential PLC’s holdings in NextEra Energy were worth $5,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Avitas Wealth Management LLC raised its stake in NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after acquiring an additional 1,057 shares during the last quarter. Stiles Financial Services Inc raised its stake in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Janney Capital Management LLC raised its stake in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares during the last quarter. Finally, Asio Capital LLC purchased a new position in NextEra Energy in the 4th quarter worth $2,701,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.7 %

NEE traded down $1.31 during trading hours on Friday, reaching $75.39. The company’s stock had a trading volume of 10,059,493 shares, compared to its average volume of 9,795,522. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The stock has a market cap of $154.89 billion, a PE ratio of 20.54, a P/E/G ratio of 2.81 and a beta of 0.56. The business’s 50-day moving average is $70.51 and its 200-day moving average is $62.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last released 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. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Ratings Changes

Several brokerages have weighed in on NEE. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Wells Fargo & Company increased their price target on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Barclays increased their price target on NextEra Energy from $66.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Mizuho increased their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

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.