NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Xponance Inc.

Xponance Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,546 shares of the utilities provider’s stock after acquiring an additional 19,785 shares during the period. Xponance Inc.’s holdings in NextEra Energy were worth $15,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $2,774,845,000. Moneta Group Investment Advisors LLC raised its holdings in shares of NextEra Energy by 66,613.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after acquiring an additional 30,218,452 shares during the period. Northern Trust Corp raised its holdings in shares of NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after acquiring an additional 455,271 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of NextEra Energy by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after acquiring an additional 315,356 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NEE. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Barclays began coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Guggenheim upped their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $71.36.

NextEra Energy Trading Up 0.3 %

Shares of NYSE NEE traded up $0.22 during mid-day trading on Thursday, hitting $64.01. The company’s stock had a trading volume of 10,132,723 shares, compared to its average volume of 11,850,947. The stock has a market cap of $131.38 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The company’s fifty day simple moving average is $59.58 and its 200-day simple moving average is $58.39.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period last year, the company posted $0.51 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

About NextEra Energy

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.