NextEra Energy, Inc. $NEE Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEEFree Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 908,642 shares of the utilities provider’s stock after selling 53,193 shares during the period. Epoch Investment Partners Inc.’s holdings in NextEra Energy were worth $84,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after acquiring an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock valued at $3,781,790,000 after purchasing an additional 966,152 shares during the period. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $2,816,327,000. Price T Rowe Associates Inc. MD increased its position in NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after purchasing an additional 1,136,074 shares during the last quarter. Finally, Deutsche Bank AG increased its position in NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after purchasing an additional 485,854 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $89.72 on Friday. 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, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The firm has a market capitalization of $187.10 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67. The stock’s 50-day simple moving average is $87.38 and its 200-day simple moving average is $89.48.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.02 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NEE shares. Morgan Stanley reissued an “overweight” rating and issued a $116.00 price target on shares of NextEra Energy in a research note on Wednesday. Bank of America lowered their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. DA Davidson lifted their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.23.

View Our Latest Research Report on NEE

Key Stories Impacting NextEra Energy

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NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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