NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by General Partner Inc.

General Partner Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,503 shares of the utilities provider’s stock after purchasing an additional 3,033 shares during the period. NextEra Energy accounts for approximately 1.5% of General Partner Inc.’s investment portfolio, making the stock its 16th biggest position. General Partner Inc.’s holdings in NextEra Energy were worth $2,333,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at about $2,561,055,000. International Assets Investment Management LLC raised its holdings in NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 during the last quarter. Capital World Investors acquired a new stake in NextEra Energy in the 4th quarter valued at about $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in NextEra Energy in the 4th quarter valued at about $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 2.9 %

NEE stock traded down $2.07 during midday trading on Tuesday, hitting $70.24. The company’s stock had a trading volume of 15,107,341 shares, compared to its average volume of 11,714,496. 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 52-week low of $47.15 and a 52-week high of $80.47. The firm has a market capitalization of $144.31 billion, a P/E ratio of 18.94, a PEG ratio of 2.51 and a beta of 0.56. The firm has a 50-day simple moving average of $71.69 and a 200-day simple moving average of $63.72.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results 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 net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company posted $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.93%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

NEE has been the subject of a number of recent analyst reports. 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. Royal Bank of Canada raised their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Bank of America raised their price target 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. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Barclays cut their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.86.

NextEra Energy Company 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.