Vinva Investment Management Ltd Has $1.39 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Vinva Investment Management Ltd decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,737 shares of the utilities provider’s stock after selling 7,009 shares during the period. Vinva Investment Management Ltd’s holdings in NextEra Energy were worth $1,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Clear Investment Research LLC lifted its stake in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. grew its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new stake in NextEra Energy in the 4th quarter worth approximately $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Barclays upped their price objective on shares of NextEra Energy from $66.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Wells Fargo & Company upped their price target on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $73.50.

Read Our Latest Stock Report on NextEra Energy

NextEra Energy Trading Down 1.7 %

NEE traded down $1.31 during trading on Friday, reaching $75.39. The company had a trading volume of 9,889,900 shares, compared to its average volume of 11,627,352. 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 stock has a market cap of $154.89 billion, a P/E ratio of 20.83, a PEG ratio of 2.82 and a beta of 0.56. The business has a 50 day simple moving average of $70.29 and a 200-day simple moving average of $62.87.

NextEra Energy (NYSE:NEEGet Free Report) 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. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.73%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

NextEra Energy Company 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.

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

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