NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,401 shares of the utilities provider’s stock after purchasing an additional 22,735 shares during the period. Metis Global Partners LLC’s holdings in NextEra Energy were worth $8,953,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $29,000. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares during the period. Stuart Chaussee & Associates Inc. increased its position in NextEra Energy by 315.4% in the 4th 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 during the period. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during 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

A number of brokerages have commented on NEE. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Bank of America boosted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Mizuho boosted their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research 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 data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Up 1.9 %

NYSE:NEE traded up $1.29 on Friday, hitting $70.14. 12,687,503 shares of the stock were exchanged, compared to its average volume of 11,442,457. The stock has a market cap of $144.10 billion, a PE ratio of 19.11, a PEG ratio of 2.58 and a beta of 0.50. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average of $62.00 and a 200-day moving average of $59.66.

NextEra Energy (NYSE:NEE) last posted 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. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $0.84 earnings per share. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

NextEra Energy Company Profile

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.