NextEra Energy, Inc. (NYSE:NEE) is Ausbil Investment Management Ltd’s Largest Position

Ausbil Investment Management Ltd raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 296,067 shares of the utilities provider’s stock after buying an additional 15,379 shares during the quarter. NextEra Energy comprises about 9.4% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its largest holding. Ausbil Investment Management Ltd’s holdings in NextEra Energy were worth $18,765,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NEE. Thrive Wealth Management LLC increased its holdings in NextEra Energy by 11.6% in the 1st quarter. Thrive Wealth Management LLC now owns 5,914 shares of the utilities provider’s stock worth $378,000 after buying an additional 617 shares during the period. Chesley Taft & Associates LLC increased its holdings in NextEra Energy by 2.7% in the 1st quarter. Chesley Taft & Associates LLC now owns 131,161 shares of the utilities provider’s stock worth $8,382,000 after buying an additional 3,473 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in NextEra Energy by 3.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,000,676 shares of the utilities provider’s stock worth $63,953,000 after buying an additional 29,692 shares during the period. Viking Fund Management LLC increased its holdings in NextEra Energy by 17.6% in the 1st quarter. Viking Fund Management LLC now owns 280,000 shares of the utilities provider’s stock worth $17,895,000 after buying an additional 42,000 shares during the period. Finally, Signet Financial Management LLC increased its holdings in NextEra Energy by 17.9% in the 1st quarter. Signet Financial Management LLC now owns 16,854 shares of the utilities provider’s stock worth $1,077,000 after buying an additional 2,553 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NEE shares. Evercore ISI increased their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.57 on Friday, hitting $73.15. The company had a trading volume of 1,091,318 shares, compared to its average volume of 11,810,117. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The business has a 50 day moving average of $72.93 and a 200 day moving average of $64.33. The company has a market cap of $150.29 billion, a PE ratio of 20.09, a PEG ratio of 2.51 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.82%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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,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.