Bowen Hanes & Co. Inc. Boosts Position in NextEra Energy, Inc. $NEE

Bowen Hanes & Co. Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,539 shares of the utilities provider’s stock after acquiring an additional 7,500 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in NextEra Energy were worth $5,902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Anfield Capital Management LLC boosted its stake in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth about $25,000. Financial Life Planners bought a new position in NextEra Energy in the first quarter worth about $30,000. Wealth Watch Advisors INC lifted its holdings in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the period. Finally, Manning & Napier Advisors LLC lifted its holdings in NextEra Energy by 104.9% in the first quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Mizuho lifted their price objective on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Jefferies Financial Group set a $94.00 target price on NextEra Energy in a research report on Tuesday, July 14th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. HSBC upped their price target on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Bank of America decreased their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.23.

NextEra Energy Stock Performance

Shares of NEE stock opened at $89.95 on Friday. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75. The company’s 50-day moving average is $87.45 and its 200 day moving average is $89.47. The company has a market capitalization of $187.58 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.44 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. NextEra Energy’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 4.02 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued 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 dividend payout ratio is presently 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.