Northwest Bank & Trust Co Acquires Shares of 11,866 NextEra Energy, Inc. (NYSE:NEE)

Northwest Bank & Trust Co purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,866 shares of the utilities provider’s stock, valued at approximately $721,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $2,561,055,000. Nordea Investment Management AB boosted its position in shares of NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% in the third 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, Capital World Investors purchased a new stake in NextEra Energy during the fourth quarter worth about $114,953,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEE. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley boosted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research report on Wednesday. Barclays decreased their price objective on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets lifted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

NextEra Energy Trading Down 0.2 %

NEE traded down $0.12 during trading on Friday, hitting $73.06. The company’s stock had a trading volume of 6,568,564 shares, compared to its average volume of 10,656,510. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The stock has a market cap of $150.10 billion, a PE ratio of 19.91, a PEG ratio of 2.68 and a beta of 0.56. The firm’s 50 day moving average price is $71.54 and its 200-day moving average price is $63.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last released its 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 return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders 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 2.82%. NextEra Energy’s payout ratio is currently 56.13%.

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.