Fort Washington Investment Advisors Inc. OH increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 747,531 shares of the utilities provider's stock after purchasing an additional 20,691 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in NextEra Energy were worth $52,992,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. L.M. Kohn & Company raised its holdings in NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after buying an additional 145 shares during the period. Tortoise Investment Management LLC raised its holdings in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares during the period. Anchor Capital Advisors LLC grew its position in NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 150 shares in the last quarter. Aspen Investment Management Inc grew its position in NextEra Energy by 1.0% in the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock valued at $1,083,000 after acquiring an additional 151 shares in the last quarter. Finally, Cim LLC grew its position in NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after acquiring an additional 158 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Stock Up 1.1%
Shares of NEE stock traded up $0.82 during mid-day trading on Thursday, reaching $73.82. 11,022,182 shares of the company were exchanged, compared to its average volume of 11,051,898. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $151.97 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.45 and a beta of 0.68. The business's 50 day simple moving average is $68.61 and its 200 day simple moving average is $70.55.
NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.
NextEra Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company lowered their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.50.
Read Our Latest Stock Analysis on NEE
Insiders Place Their Bets
In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.
About NextEra Energy
(
Free Report)
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.
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