Aveo Capital Partners LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Aveo Capital Partners LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,033 shares of the utilities provider’s stock after purchasing an additional 1,206 shares during the period. Aveo Capital Partners LLC’s holdings in NextEra Energy were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mizuho Markets Americas LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter worth $141,817,000. Nordea Investment Management AB lifted its stake in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares during the period. International Assets Investment Management LLC grew its holdings in NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $94,883,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $80.02 on Monday. The business has a fifty day moving average of $69.15 and a 200 day moving average of $62.38. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year 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 firm has a market capitalization of $164.40 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.515 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.57%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Bank of America boosted their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.93.

Check Out Our Latest Research Report on NextEra Energy

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.

See Also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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