ABN Amro Investment Solutions Increases Stake in NextEra Energy, Inc. $NEE

ABN Amro Investment Solutions raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.9% in the first quarter, Holdings Channel reports. The firm owned 100,854 shares of the utilities provider’s stock after acquiring an additional 16,771 shares during the quarter. ABN Amro Investment Solutions’ holdings in NextEra Energy were worth $9,367,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after buying an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC raised its holdings in NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after acquiring an additional 966,152 shares during the last quarter. Norges Bank purchased a new position in NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Price T Rowe Associates Inc. MD lifted its position in NextEra Energy by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock valued at $1,474,407,000 after acquiring an additional 1,136,074 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in NextEra Energy by 2.9% in the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock valued at $1,387,347,000 after acquiring an additional 485,854 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on NEE shares. Scotiabank lifted their target price on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Barclays set a $91.00 price target on NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. BMO Capital Markets set a $94.00 price objective on NextEra Energy in a research report on Wednesday. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.23.

NextEra Energy Stock Performance

NYSE:NEE opened at $89.53 on Thursday. The stock has a 50-day simple moving average of $87.56 and a two-hundred day simple moving average of $89.41. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54. The firm has a market capitalization of $186.71 billion, a PE ratio of 22.78, a P/E/G ratio of 2.40 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is 63.36%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.