Cobblestone Capital Advisors LLC NY Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Cobblestone Capital Advisors LLC NY increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 325.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,070 shares of the utilities provider’s stock after purchasing an additional 15,353 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in NextEra Energy were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NEE. Bahl & Gaynor Inc. increased its position in NextEra Energy by 637.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 15,271,969 shares of the utilities provider’s stock worth $1,178,232,000 after purchasing an additional 13,201,254 shares in the last quarter. California Public Employees Retirement System increased its position in NextEra Energy by 287.6% during the 4th quarter. California Public Employees Retirement System now owns 15,819,335 shares of the utilities provider’s stock worth $1,220,462,000 after purchasing an additional 11,737,595 shares in the last quarter. Fisher Asset Management LLC increased its position in NextEra Energy by 316.9% during the 4th quarter. Fisher Asset Management LLC now owns 13,046,651 shares of the utilities provider’s stock worth $1,006,549,000 after purchasing an additional 9,917,107 shares in the last quarter. Alliancebernstein L.P. increased its position in NextEra Energy by 281.8% during the 4th quarter. Alliancebernstein L.P. now owns 12,334,478 shares of the utilities provider’s stock worth $951,605,000 after purchasing an additional 9,104,116 shares in the last quarter. Finally, Swiss National Bank increased its position in NextEra Energy by 291.7% during the 4th quarter. Swiss National Bank now owns 8,939,932 shares of the utilities provider’s stock worth $689,716,000 after purchasing an additional 6,657,349 shares in the last quarter. Hedge funds and other institutional investors own 19.20% of the company’s stock.

A number of analysts have issued reports on NEE shares. Mizuho raised their price target on NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 11th. Bank of America reissued a “buy” rating and issued a $81.00 price target on shares of NextEra Energy in a research note on Friday, January 15th. Wells Fargo & Company raised their price target on NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 27th. Morgan Stanley decreased their price target on NextEra Energy from $81.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 20th. Finally, Piper Sandler started coverage on NextEra Energy in a research note on Thursday, November 19th. They issued an “overweight” rating and a $81.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.82.

Shares of NYSE NEE traded down $0.77 during midday trading on Tuesday, hitting $74.33. The stock had a trading volume of 306,207 shares, compared to its average volume of 8,507,483. The company has a market capitalization of $145.68 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 1-year low of $43.70 and a 1-year high of $87.69. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $81.77 and a 200 day moving average price of $76.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Monday, January 25th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $5.71 billion. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 2.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Friday, February 26th will be issued a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $1.54 annualized dividend and a dividend yield of 2.07%. NextEra Energy’s payout ratio is currently 66.99%.

In related news, CEO John W. Ketchum sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 22nd. The stock was sold at an average price of $74.44, for a total transaction of $297,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, and distributes electric power in North America. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; 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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