NextEra Energy, Inc. (NYSE:NEE) Stock Position Boosted by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 126.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,028 shares of the utilities provider’s stock after buying an additional 8,403 shares during the period. V Square Quantitative Management LLC’s holdings in NextEra Energy were worth $960,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Norges Bank bought a new position in NextEra Energy during the fourth quarter valued at about $2,561,055,000. Northern Trust Corp grew its holdings in NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after acquiring an additional 455,271 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in NextEra Energy by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after acquiring an additional 429,979 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after acquiring an additional 629,032 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on NEE. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Wells Fargo & Company raised their target price on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Morgan Stanley raised their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.64.

Get Our Latest Analysis on NextEra Energy

NextEra Energy Stock Up 1.4 %

NextEra Energy stock traded up $1.08 during trading hours on Tuesday, hitting $76.95. The company had a trading volume of 6,016,874 shares, compared to its average volume of 11,739,014. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $77.41. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market capitalization of $158.10 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.80 and a beta of 0.50. The firm’s fifty day moving average is $66.52 and its 200-day moving average is $61.23.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Company Profile

(Free Report)

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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

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