Iyo Bank Ltd. Purchases Shares of 17,750 NextEra Energy, Inc. (NYSE:NEE)

Iyo Bank Ltd. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,750 shares of the utilities provider’s stock, valued at approximately $1,134,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Clear Investment Research LLC lifted its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy during the 4th quarter valued at $29,000. Stuart Chaussee & Associates Inc. boosted its position in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the period. Rakuten Securities Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at $34,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $34,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 1.9 %

NextEra Energy stock traded up $1.36 during midday trading on Wednesday, hitting $71.83. 4,483,905 shares of the stock were exchanged, compared to its average volume of 11,907,355. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The business’s 50-day moving average price is $73.43 and its 200-day moving average price is $64.63. The stock has a market capitalization of $147.58 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

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, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. On average, research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NEE shares. Morgan Stanley boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Scotiabank lifted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. Finally, StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Company Profile

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.