NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Richelieu Gestion SA

Richelieu Gestion SA increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,662 shares of the utilities provider’s stock after purchasing an additional 1,439 shares during the period. NextEra Energy makes up 3.0% of Richelieu Gestion SA’s holdings, making the stock its 7th biggest position. Richelieu Gestion SA’s holdings in NextEra Energy were worth $2,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Investment Research LLC raised its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the 4th quarter worth about $29,000. Stuart Chaussee & Associates Inc. boosted its position in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.5 %

NYSE:NEE traded up $0.33 during trading hours on Wednesday, hitting $73.31. The company had a trading volume of 6,597,536 shares, compared to its average volume of 11,874,218. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The company has a market cap of $150.62 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.50 and a beta of 0.56. The company has a 50-day moving average of $72.74 and a 200 day moving average of $64.26. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Morgan Stanley boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Bank of America raised their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.50.

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.