Rathbones Group PLC Acquires 55,278 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rathbones Group PLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 388,767 shares of the utilities provider's stock after purchasing an additional 55,278 shares during the quarter. Rathbones Group PLC's holdings in NextEra Energy were worth $23,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter valued at $2,561,055,000. Mizuho Markets Americas LLC bought a new position in shares of NextEra Energy during the third quarter valued at $141,817,000. Nordea Investment Management AB lifted its holdings in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider's stock valued at $337,096,000 after purchasing an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider's stock valued at $132,016,000 after purchasing an additional 2,146,625 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% during 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 in the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. StockNews.com upgraded NextEra Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Bank of America upped their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 23rd. Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 22nd. Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price target for the company. Finally, BMO Capital Markets upped their price target on NextEra Energy from $72.00 to $78.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.93.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $1.83 during trading on Friday, hitting $80.02. 16,196,032 shares of the company's stock were exchanged, compared to its average volume of 10,344,890. The business's 50-day simple moving average is $69.15 and its 200 day simple moving average is $62.34. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The company has a market cap of $164.40 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.86 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $6.28 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm's revenue was down 14.7% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy's payout ratio is presently 56.13%.

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.

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