NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Opus Capital Group LLC

Opus Capital Group LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,499 shares of the utilities provider’s stock after acquiring an additional 430 shares during the period. Opus Capital Group LLC’s holdings in NextEra Energy were worth $516,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC grew its stake in shares of NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after buying an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $141,817,000. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after buying an additional 2,148,205 shares during the period. Finally, International Assets Investment Management LLC grew its stake 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 buying an additional 2,146,625 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 3.4 %

Shares of NEE traded up $2.09 during midday trading on Wednesday, reaching $63.79. The stock had a trading volume of 15,650,900 shares, compared to its average volume of 11,874,223. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The company’s fifty day simple moving average is $59.43 and its two-hundred day simple moving average is $58.35. The company has a market cap of $130.92 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business earned $0.51 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NEE shares. BMO Capital Markets dropped their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays initiated coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.36.

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.