NextEra Energy, Inc. (NYSE:NEE) Position Increased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,011,631 shares of the utilities provider’s stock after acquiring an additional 543,291 shares during the period. NextEra Energy comprises approximately 0.8% of DAVENPORT & Co LLC’s portfolio, making the stock its 28th biggest holding. DAVENPORT & Co LLC owned about 0.10% of NextEra Energy worth $122,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank grew its position in shares of NextEra Energy by 9.8% in the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the last quarter. LSV Asset Management grew its position in shares of NextEra Energy by 9.2% in the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after purchasing an additional 2,700 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of NextEra Energy by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after purchasing an additional 1,587 shares during the last quarter. Covestor Ltd grew its position in shares of NextEra Energy by 59.1% in the first quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares during the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at about $793,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NEE shares. Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets lifted their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Citigroup started coverage on NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 target price on the stock. Finally, StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $72.46.

Read Our Latest Stock Report on NextEra Energy

NextEra Energy Trading Down 0.8 %

NEE traded down $0.50 during trading on Tuesday, reaching $62.88. 9,882,708 shares of the company’s stock were exchanged, compared to its average volume of 12,056,641. The company’s fifty day moving average price is $58.22 and its 200-day moving average price is $58.46. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The firm has a market capitalization of $129.06 billion, a PE ratio of 17.56, a P/E/G ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the business earned $0.51 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.28%. NextEra Energy’s payout ratio is 57.06%.

About NextEra Energy

(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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