NextEra Energy, Inc. $NEE Stock: Keybank National Association OH Increases Holdings

Keybank National Association OH grew its position in NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,687,902 shares of the utilities provider’s stock after purchasing an additional 22,682 shares during the period. Keybank National Association OH’s holdings in NextEra Energy were worth $127,842,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of NextEra Energy in the 2nd quarter worth $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NextEra Energy by 5.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider’s stock worth $1,430,834,000 after buying an additional 895,824 shares during the last quarter. Amundi grew its stake in NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider’s stock worth $1,169,839,000 after buying an additional 4,231,814 shares during the last quarter. Bessemer Group Inc. increased its position in NextEra Energy by 8.5% during the 1st quarter. Bessemer Group Inc. now owns 10,187,013 shares of the utilities provider’s stock valued at $946,169,000 after buying an additional 799,546 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in NextEra Energy during the 2nd quarter valued at about $651,293,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho decreased their price target on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Sanford C. Bernstein restated an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a report on Wednesday, October 21st. Seaport Research Partners restated a “sell” rating and set a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. Finally, BMO Capital Markets set a $88.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Trading Down 0.7%

NYSE:NEE opened at $86.27 on Wednesday. The company has a market capitalization of $180.93 billion, a P/E ratio of 15.54, a PEG ratio of 2.68 and a beta of 0.60. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The firm has a fifty day simple moving average of $80.68 and a 200-day simple moving average of $87.29.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s payout ratio is presently 44.86%.

NextEra Energy Profile

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.