Zions Bancorporation N.A. reduced its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,847 shares of the utilities provider’s stock after selling 1,597 shares during the quarter. Zions Bancorporation N.A.’s holdings in NextEra Energy were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Marietta Wealth Management LLC grew its holdings in shares of NextEra Energy by 1.9% during the 1st quarter. Marietta Wealth Management LLC now owns 68,267 shares of the utilities provider’s stock worth $5,783,000 after purchasing an additional 1,285 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NextEra Energy by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,640,208 shares of the utilities provider’s stock worth $308,376,000 after acquiring an additional 85,368 shares in the last quarter. Klingman & Associates LLC acquired a new stake in shares of NextEra Energy in the first quarter worth $715,000. KRS Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $51,000. Finally, Abbrea Capital LLC lifted its holdings in shares of NextEra Energy by 0.6% during the 1st quarter. Abbrea Capital LLC now owns 58,395 shares of the utilities provider’s stock valued at $4,947,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.
Analyst Upgrades and Downgrades
NEE has been the subject of several recent research reports. BMO Capital Markets lowered their price target on NextEra Energy from $105.00 to $93.00 in a report on Monday, June 13th. KeyCorp dropped their target price on NextEra Energy from $89.00 to $88.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Wells Fargo & Company upped their price target on NextEra Energy from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, August 9th. TheStreet upgraded shares of NextEra Energy from a “c+” rating to a “b” rating in a research note on Friday, July 22nd. Finally, Credit Suisse Group set a $76.00 target price on shares of NextEra Energy in a research report on Monday, June 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $92.80.
Insiders Place Their Bets
NextEra Energy Trading Up 0.0 %
NEE opened at $90.27 on Friday. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $93.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.47. The stock has a market capitalization of $177.36 billion, a PE ratio of 68.91, a P/E/G ratio of 3.25 and a beta of 0.46. The firm’s fifty day moving average price is $84.81 and its 200 day moving average price is $80.10.
NextEra Energy (NYSE:NEE – Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The utilities provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.26 billion. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 2.89 EPS for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is presently 129.77%.
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, coal, and natural gas facilities. 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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