Kovack Advisors Inc. boosted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 14.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,147 shares of the utilities provider’s stock after purchasing an additional 389 shares during the quarter. Kovack Advisors Inc.’s holdings in NextEra Energy were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NEE. Oregon Public Employees Retirement Fund raised its stake in shares of NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 8,771,018 shares during the last quarter. Norges Bank purchased a new position in shares of NextEra Energy in the fourth quarter worth about $1,172,014,000. GQG Partners LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth about $264,629,000. BlackRock Inc. raised its stake in shares of NextEra Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after purchasing an additional 886,301 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in shares of NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after purchasing an additional 815,916 shares during the last quarter. 77.00% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on NEE shares. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a research note on Wednesday, January 30th. Morgan Stanley raised their price objective on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group cut NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective for the company. in a research note on Monday, April 8th. Finally, Credit Suisse Group set a $199.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. NextEra Energy has an average rating of “Buy” and an average price target of $196.83.
Shares of NEE stock opened at $198.98 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. The company has a market cap of $95.30 billion, a P/E ratio of 25.84, a P/E/G ratio of 3.02 and a beta of 0.28. NextEra Energy Inc has a twelve month low of $155.06 and a twelve month high of $199.46.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.19. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same period last year, the business earned $1.94 earnings per share. As a group, equities analysts predict that NextEra Energy Inc will post 8.41 earnings per share for the current year.
About NextEra Energy
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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