NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Knuff & Co LLC

Knuff & Co LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,173 shares of the utilities provider’s stock after buying an additional 2,456 shares during the quarter. NextEra Energy comprises about 1.1% of Knuff & Co LLC’s holdings, making the stock its 28th largest position. Knuff & Co LLC’s holdings in NextEra Energy were worth $2,926,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NEE. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Northern Trust Corp lifted its holdings in shares of NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after buying an additional 455,271 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock valued at $593,106,000 after buying an additional 148,674 shares in the last quarter. California Public Employees Retirement System raised its position in NextEra Energy by 2.4% in the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after acquiring an additional 209,584 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NEE. Scotiabank upped their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Morgan Stanley lifted their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Finally, Mizuho raised their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Trading Up 1.9 %

Shares of NextEra Energy stock traded up $1.29 during trading hours on Friday, reaching $70.14. 12,687,503 shares of the company’s stock were exchanged, compared to its average volume of 11,442,457. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53. The company has a fifty day moving average of $62.00 and a 200-day moving average of $59.58. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $144.10 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last released 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 for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

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.