NextEra Energy, Inc. $NEE Stock Holdings Raised by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer increased its NextEra Energy stake by 1.9% in the third quarter, adding 23,221 shares to own 1.23 million shares valued at approximately $93.5 million. Institutional investors and hedge funds collectively hold 78.72% of the company.
• Analysts maintain a generally positive outlook, with NextEra receiving a “Moderate Buy” consensus rating and an average price target of $97.80, despite some target-price reductions.
• NextEra reported quarterly EPS of $1.24, exceeding expectations, while revenue rose 1.6% year over year to $8.09 billion. The company also declared a quarterly dividend of $0.6232 per share, equivalent to a 3.0% annualized yield.

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,234,157 shares of the utilities provider's stock after acquiring an additional 23,221 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.06% of NextEra Energy worth $93,503,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. bought a new stake in NextEra Energy during the second quarter worth $26,000. Kilter Group LLC purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in NextEra Energy in the second quarter worth $26,000. Axiom Investment Management LLC bought a new stake in shares of NextEra Energy in the first quarter worth $32,000. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of NextEra Energy by 83.0% during the second quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider's stock worth $30,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NEE. Scotiabank dropped their price target on NextEra Energy from $110.00 to $99.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 30th. HSBC set a $103.00 price objective on NextEra Energy in a research note on Thursday, October 22nd. Wall Street Zen upgraded shares of NextEra Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, October 17th. Jefferies Financial Group reiterated a "hold" rating on shares of NextEra Energy in a research note on Thursday, October 8th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $97.80.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $83.82 on Monday. The stock has a fifty day simple moving average of $80.24 and a two-hundred day simple moving average of $87.17. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. The firm has a market cap of $175.80 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.60. NextEra Energy, Inc. has a 1-year low of $74.41 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company had revenue of $8.09 billion for the quarter, compared to analysts' expectations of $8.47 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. NextEra Energy's quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors 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 dividend yield of 3.0%. NextEra Energy's payout ratio is 44.86%.

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy's principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

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