Bank of Montreal Can Buys 1,047,532 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bank of Montreal Can grew its stake in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,560,699 shares of the utilities provider’s stock after purchasing an additional 1,047,532 shares during the period. Bank of Montreal Can owned approximately 0.33% of NextEra Energy worth $608,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jackson Wealth Management LLC boosted its stake in shares of NextEra Energy by 275.6% during the 3rd quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 52,510 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $31,000. Horan Securities Inc. bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $44,000. Ten Capital Wealth Advisors LLC boosted its stake in shares of NextEra Energy by 201.0% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 575 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 384 shares in the last quarter. Finally, Ahrens Investment Partners LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $45,000. 77.89% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Kirk S. Hachigian purchased 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were purchased at an average price of $70.19 per share, with a total value of $701,900.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $350,950. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

NYSE NEE traded up $1.90 on Tuesday, hitting $72.02. The company had a trading volume of 8,887,059 shares, compared to its average volume of 10,567,136. The company has a market capitalization of $141.48 billion, a PE ratio of 97.57, a PEG ratio of 2.82 and a beta of 0.49. The company’s fifty day moving average price is $79.16 and its 200-day moving average price is $82.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $93.73.

NextEra Energy (NYSE:NEEGet Rating) last announced its earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the company posted $0.67 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 2.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.39. NextEra Energy’s payout ratio is 229.73%.

NEE has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday, April 18th. Mizuho dropped their price objective on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 25th. KeyCorp boosted their price objective on shares of NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Tuesday, March 29th. Finally, Evercore ISI reissued a “hold” rating and set a $90.00 price objective on shares of NextEra Energy in a research note on Friday, April 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $89.44.

NextEra Energy Profile (Get Rating)

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, coal, and natural gas facilities. 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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