National Bank of Canada FI Has $94.62 Million Position in NextEra Energy, Inc. (NYSE:NEE)

National Bank of Canada FI lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,529,341 shares of the utilities provider’s stock after selling 741,110 shares during the period. National Bank of Canada FI’s holdings in NextEra Energy were worth $94,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Pointe Capital Management LLC boosted its stake in shares of NextEra Energy by 19.5% in the 4th quarter. Pointe Capital Management LLC now owns 6,509 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 1,062 shares in the last quarter. FourThought Financial Partners LLC boosted its position in NextEra Energy by 0.3% in the fourth quarter. FourThought Financial Partners LLC now owns 240,540 shares of the utilities provider’s stock valued at $14,610,000 after buying an additional 801 shares in the last quarter. TCG Advisory Services LLC increased its holdings in shares of NextEra Energy by 54.7% during the fourth quarter. TCG Advisory Services LLC now owns 70,176 shares of the utilities provider’s stock worth $4,262,000 after buying an additional 24,828 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of NextEra Energy by 12.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 33,852 shares of the utilities provider’s stock worth $2,056,000 after acquiring an additional 3,676 shares in the last quarter. Finally, Royal Fund Management LLC grew its position in NextEra Energy by 28.5% during the 4th quarter. Royal Fund Management LLC now owns 14,618 shares of the utilities provider’s stock worth $888,000 after acquiring an additional 3,245 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.9 %

NEE traded up $1.29 on Friday, hitting $70.14. 12,687,503 shares of the company were exchanged, compared to its average volume of 11,442,457. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock’s fifty day moving average is $62.00 and its 200-day moving average is $59.66. The company has a market cap of $144.10 billion, a PE ratio of 19.11, a PEG ratio of 2.58 and a beta of 0.50. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 2.94%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Bank of America lifted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Guggenheim lifted 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. One 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. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target 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.