German American Bancorp Inc. Buys 1,044 Shares of NextEra Energy, Inc. (NYSE:NEE)

Posted by Defense World Staff on Jun 15th, 2023

German American Bancorp Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 33.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,148 shares of the utilities provider’s stock after acquiring an additional 1,044 shares during the quarter. German American Bancorp Inc.’s holdings in NextEra Energy were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gateway Wealth Partners LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $521,000. Chartwell Investment Partners LLC boosted its holdings in shares of NextEra Energy by 18.7% in the 4th quarter. Chartwell Investment Partners LLC now owns 142,348 shares of the utilities provider’s stock worth $11,900,000 after acquiring an additional 22,394 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of NextEra Energy by 1.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,196,286 shares of the utilities provider’s stock worth $100,010,000 after acquiring an additional 17,138 shares in the last quarter. CI Private Wealth LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $128,490,000. Finally, Capstone Financial Advisors Inc. acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $203,000. 76.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on NEE shares. Morgan Stanley boosted their target price on NextEra Energy from $94.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Wells Fargo & Company reduced their price objective on NextEra Energy from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, March 2nd. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, March 28th. The Goldman Sachs Group started coverage on NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, StockNews.com started coverage on NextEra Energy in a report on Thursday, May 18th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.67.

NextEra Energy Price Performance

NEE opened at $73.40 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 1.13. NextEra Energy, Inc. has a 12 month low of $69.64 and a 12 month high of $91.35. The company has a fifty day simple moving average of $75.92 and a 200 day simple moving average of $78.02. The stock has a market cap of $148.52 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.85 and a beta of 0.47.

NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $5.78 billion. NextEra Energy had a net margin of 26.97% and a return on equity of 12.44%. During the same quarter in the prior year, the company earned $0.74 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.11 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be issued a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, May 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 55.65%.

NextEra Energy Company Profile

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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.