10,666 Shares in NextEra Energy, Inc. $NEE Purchased by Volterra Technologies LP

Volterra Technologies LP purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 10,666 shares of the utilities provider’s stock, valued at approximately $991,000.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $240,840,000. Pictet Asset Management Holding SA increased its holdings in shares of NextEra Energy by 47.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $17,343,185,000 after purchasing an additional 2,234,176 shares during the period. Finally, Amundi lifted its stake in shares of NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after purchasing an additional 1,780,881 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.6%

Shares of NYSE:NEE opened at $89.95 on Friday. The business’s 50 day moving average price is $87.45 and its 200-day moving average price is $89.47. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The firm 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 current ratio of 0.54 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The company 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%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 4.02 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BTIG Research restated a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. DA Davidson upped their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. BMO Capital Markets set a $94.00 target price on shares of NextEra Energy in a research note on Wednesday. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Bank of America dropped their target price on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Two equities research 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 company. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $99.23.

About NextEra Energy

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.