Mizuho Markets Americas LLC Grows Stake in NextEra Energy, Inc. $NEE

Mizuho Markets Americas LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.4% in the first quarter, Holdings Channel reports. The fund owned 588,283 shares of the utilities provider’s stock after acquiring an additional 73,837 shares during the quarter. NextEra Energy accounts for about 1.5% of Mizuho Markets Americas LLC’s portfolio, making the stock its 23rd largest position. Mizuho Markets Americas LLC’s holdings in NextEra Energy were worth $54,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NEE. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $25,000. Anfield Capital Management LLC raised its stake in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Wealth Watch Advisors INC raised its stake in NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Osbon Capital Management LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $27,000. Finally, Strive Asset Management LLC bought a new position in NextEra Energy during the third quarter worth about $29,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.6%

NEE stock opened at $89.95 on Friday. The stock has a 50-day simple moving average of $87.45 and a two-hundred day simple moving average of $89.47. NextEra Energy, Inc. has a twelve month low of $69.24 and a twelve month high of $98.75. The firm has a market capitalization of $187.58 billion, a PE ratio of 22.89, a PEG ratio of 2.44 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 4.02 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio is 63.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $112.00 target price on shares of NextEra Energy in a research note on Friday, April 24th. TD Cowen upped their price target on shares of NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company set a $102.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Jefferies Financial Group set a $94.00 price objective on shares of NextEra Energy in a research note on Tuesday, July 14th. Finally, Barclays set a $91.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $99.23.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.