NextEra Energy, Inc. (NYSE:NEE) Position Boosted by Independence Bank of Kentucky

Independence Bank of Kentucky increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,722 shares of the utilities provider’s stock after purchasing an additional 3,707 shares during the quarter. NextEra Energy accounts for 1.0% of Independence Bank of Kentucky’s holdings, making the stock its 21st biggest position. Independence Bank of Kentucky’s holdings in NextEra Energy were worth $3,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NextEra Energy by 133.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock valued at $1,073,000 after acquiring an additional 10,720 shares during the period. O Shaughnessy Asset Management LLC raised its stake in NextEra Energy by 0.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 90,820 shares of the utilities provider’s stock valued at $5,203,000 after purchasing an additional 801 shares during the period. Mutual Advisors LLC lifted its holdings in shares of NextEra Energy by 6.2% in the third quarter. Mutual Advisors LLC now owns 20,279 shares of the utilities provider’s stock valued at $1,162,000 after purchasing an additional 1,175 shares in the last quarter. MQS Management LLC boosted its position in shares of NextEra Energy by 85.2% in the third quarter. MQS Management LLC now owns 5,744 shares of the utilities provider’s stock worth $329,000 after buying an additional 2,643 shares during the period. Finally, Mather Group LLC. boosted its position in shares of NextEra Energy by 26.7% in the third quarter. Mather Group LLC. now owns 20,210 shares of the utilities provider’s stock worth $1,158,000 after buying an additional 4,257 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Evercore ISI raised their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Scotiabank upped their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Finally, Citigroup increased their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Stock Down 3.9 %

Shares of NYSE:NEE traded down $2.91 on Friday, reaching $70.81. The company had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The stock has a market capitalization of $145.48 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 0.56. The stock has a 50-day moving average price of $73.25 and a 200 day moving average price of $64.47. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. 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 (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the company earned $0.84 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s payout ratio is presently 56.13%.

About NextEra Energy

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.