NextEra Energy, Inc. (NYSE:NEE) Shares Bought by abrdn plc

abrdn plc increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,253,633 shares of the utilities provider's stock after buying an additional 644,217 shares during the period. abrdn plc owned 0.16% of NextEra Energy worth $197,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider's stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of NextEra Energy by 66,613.3% during the 4th 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 period. Northern Trust Corp lifted its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider's stock valued at $1,316,653,000 after buying an additional 455,271 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of NextEra Energy by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider's stock valued at $1,538,947,000 after buying an additional 315,356 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NEE stock traded up $0.29 during trading on Friday, reaching $64.30. The company's stock had a trading volume of 13,419,416 shares, compared to its average volume of 10,694,062. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $131.97 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.51. The company's fifty day moving average is $59.89 and its 200-day moving average is $58.55.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. NextEra Energy's dividend payout ratio (DPR) is presently 57.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NEE shares. BMO Capital Markets lowered their price target on NextEra Energy from $77.00 to $68.00 and set an "outperform" rating on the stock in a report on Tuesday. Guggenheim raised their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Barclays assumed coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 target price on the stock. StockNews.com cut NextEra Energy from a "hold" rating to a "sell" rating in a report on Monday, February 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $71.36.

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.