Clear Rock Advisors LLC Purchases New Position in NextEra Energy, Inc. (NYSE:NEE)

Clear Rock Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,909 shares of the utilities provider’s stock, valued at approximately $1,636,000.

A number of other hedge funds also recently bought and sold shares of NEE. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $2,561,055,000. Mizuho Markets Americas LLC purchased a new position in shares of NextEra Energy during the 3rd quarter worth approximately $141,817,000. Nordea Investment Management AB grew its holdings in shares of NextEra Energy by 59.1% during the 3rd 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 during the period. International Assets Investment Management LLC grew its holdings in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE traded up $1.83 during mid-day trading on Friday, reaching $80.02. 16,196,032 shares of the company traded hands, compared to its average volume of 10,344,890. The stock has a market capitalization of $164.40 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.93 and a beta of 0.50. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The company’s fifty day moving average price is $69.15 and its 200-day moving average price is $62.34. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.515 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.57%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

A number of research firms have weighed in on NEE. BMO Capital Markets upped their target price on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Wells Fargo & Company upped their target price on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Bank of America boosted 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. Finally, Morgan Stanley boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $72.93.

View Our Latest Stock Analysis on NextEra Energy

NextEra Energy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.