Schroder Investment Management Group Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Schroder Investment Management Group boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 95.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,124,009 shares of the utilities provider’s stock after purchasing an additional 1,528,309 shares during the quarter. Schroder Investment Management Group owned approximately 0.15% of NextEra Energy worth $189,752,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Avitas Wealth Management LLC raised its position in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares during the last quarter. Stiles Financial Services Inc raised its holdings in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares in the last quarter. Janney Capital Management LLC boosted its holdings in shares of NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares during the last quarter. Finally, Asio Capital LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $2,701,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on NEE shares. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Mizuho boosted their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company raised their target price on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.50.

View Our Latest Stock Analysis on NextEra Energy

NextEra Energy Stock Down 1.7 %

NextEra Energy stock traded down $1.31 during mid-day trading on Friday, reaching $75.39. 10,059,493 shares of the company’s stock were exchanged, compared to its average volume of 9,795,522. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The company has a market cap of $154.89 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.81 and a beta of 0.56. The company has a fifty day moving average of $70.51 and a 200-day moving average of $62.99.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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