Epoch Investment Partners Inc. lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 908,642 shares of the utilities provider's stock after selling 53,193 shares during the period. Epoch Investment Partners Inc.'s holdings in NextEra Energy were worth $84,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of NEE. Indivisible Partners bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $1,355,000. Carnegie Investment Counsel boosted its stake in shares of NextEra Energy by 9.4% during the fourth quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider's stock valued at $36,780,000 after purchasing an additional 39,250 shares in the last quarter. Swedbank AB boosted its stake in shares of NextEra Energy by 13.4% during the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after purchasing an additional 120,389 shares in the last quarter. Fisher Funds Management LTD increased its holdings in NextEra Energy by 3.5% during the fourth quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider's stock valued at $49,884,000 after buying an additional 20,709 shares during the period. Finally, MGO One Seven LLC raised its stake in NextEra Energy by 12.1% in the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock worth $11,018,000 after buying an additional 14,828 shares in the last quarter. Institutional investors own 78.72% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on NEE shares. Bank of America lowered their target price on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, April 24th. Wall Street Zen upgraded NextEra Energy from a "sell" rating to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings lowered NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. Finally, Barclays set a $91.00 target price on shares of NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $99.23.
Get Our Latest Report on NextEra Energy
NextEra Energy News Roundup
Here are the key news stories impacting NextEra Energy this week:
NextEra Energy Stock Down 0.1%
Shares of NEE stock opened at $89.72 on Friday. The stock's fifty day moving average price is $87.38 and its 200 day moving average price is $89.48. NextEra Energy, Inc. has a 1-year low of $69.24 and a 1-year high of $98.75. The company has a market cap of $187.10 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.
NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.07. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same period last year, the business posted $1.05 earnings per share. The firm's revenue was up 12.4% compared to the same quarter last year. On average, research analysts expect that NextEra Energy, Inc. will post 4.02 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy's dividend payout ratio (DPR) is currently 63.36%.
NextEra Energy Company Profile
(
Free Report)
NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.
NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.
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