Bank Julius Baer & Co. Ltd Zurich Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 204,011 shares of the utilities provider’s stock after selling 28,670 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in NextEra Energy were worth $12,392,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NEE. Strategic Blueprint LLC lifted its holdings in shares of NextEra Energy by 11.7% during the third quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock valued at $716,000 after purchasing an additional 1,308 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in NextEra Energy by 163.5% in the 3rd quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 7,800 shares during the last quarter. Oak Thistle LLC raised its holdings in NextEra Energy by 322.1% in the 3rd quarter. Oak Thistle LLC now owns 18,264 shares of the utilities provider’s stock worth $1,046,000 after acquiring an additional 13,937 shares during the last quarter. Stewart & Patten Co. LLC raised its holdings in NextEra Energy by 4.6% in the 3rd quarter. Stewart & Patten Co. LLC now owns 214,547 shares of the utilities provider’s stock worth $12,291,000 after acquiring an additional 9,519 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in NextEra Energy by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 959,216 shares of the utilities provider’s stock worth $54,953,000 after acquiring an additional 2,862 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 1.3 %

NextEra Energy stock traded down $0.89 during mid-day trading on Friday, hitting $66.01. The company’s stock had a trading volume of 9,982,530 shares, compared to its average volume of 11,912,114. The company has a 50 day moving average of $60.67 and a 200-day moving average of $58.94. The stock has a market cap of $135.62 billion, a PE ratio of 17.99, a P/E/G ratio of 2.45 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Guggenheim boosted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Morgan Stanley boosted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

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.