Intech Investment Management LLC Buys 26,382 Shares of NextEra Energy, Inc. (NYSE:NEE)

Intech Investment Management LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 35.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,308 shares of the utilities provider’s stock after buying an additional 26,382 shares during the period. Intech Investment Management LLC’s holdings in NextEra Energy were worth $6,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter worth about $2,561,055,000. Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares during the last quarter. Nordea Investment Management AB grew its stake in NextEra Energy by 22.3% in the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after buying an additional 1,268,900 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after purchasing an additional 629,032 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in NextEra Energy by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock valued at $358,717,000 after purchasing an additional 449,387 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.5 %

Shares of NEE traded up $0.33 during trading hours on Friday, hitting $72.00. 7,752,092 shares of the stock were exchanged, compared to its average volume of 10,712,420. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business has a 50-day moving average of $74.13 and a 200-day moving average of $65.68. The firm has a market capitalization of $147.93 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NEE. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Finally, Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.79.

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.