Bowen Hanes & Co. Inc. Grows Position in NextEra Energy, Inc. $NEE

Bowen Hanes & Co. Inc. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 63,539 shares of the utilities provider’s stock after acquiring an additional 7,500 shares during the period. Bowen Hanes & Co. Inc.’s holdings in NextEra Energy were worth $5,902,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Anfield Capital Management LLC grew its stake in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the period. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $25,000. Financial Life Planners bought a new position in NextEra Energy during the first quarter valued at approximately $30,000. Wealth Watch Advisors INC lifted its position in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Finally, Manning & Napier Advisors LLC boosted its holdings in NextEra Energy by 104.9% in the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.6%

NYSE:NEE opened at $89.95 on Friday. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The business has a fifty day moving average price of $87.45 and a 200-day moving average price of $89.47. The firm has a market capitalization of $187.58 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the business earned $0.99 earnings per share. NextEra Energy’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 4.02 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Barclays set a $91.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. TD Cowen lifted their price objective on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. BTIG Research reiterated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research report on Friday, April 24th. Finally, Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $99.23.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.