Xponance Inc. Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Xponance Inc. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,546 shares of the utilities provider's stock after acquiring an additional 19,785 shares during the period. Xponance Inc.'s holdings in NextEra Energy were worth $15,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC lifted its position in shares of NextEra Energy by 66,613.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider's stock valued at $2,530,055,000 after buying an additional 30,218,452 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at about $141,817,000. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider's stock valued at $337,096,000 after buying an additional 2,148,205 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider's stock valued at $132,016,000 after buying an additional 2,146,625 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on NEE shares. Royal Bank of Canada reissued an "outperform" rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. BMO Capital Markets decreased their price target on shares of NextEra Energy from $77.00 to $68.00 and set an "outperform" rating for the company in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, March 19th. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price objective for the company. Finally, Mizuho reaffirmed a "buy" rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $71.36.

NextEra Energy Stock Performance

NEE traded up $0.21 during trading on Thursday, reaching $64.00. 10,133,643 shares of the company's stock were exchanged, compared to its average volume of 11,851,049. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The stock has a market capitalization of $131.36 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 2.22 and a beta of 0.51. The company's fifty day simple moving average is $59.73 and its 200-day simple moving average is $58.43.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the firm posted $0.51 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. This is a boost from NextEra Energy's previous quarterly dividend of $0.47. NextEra Energy's dividend payout ratio (DPR) is currently 57.06%.

NextEra Energy Company 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.