NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Northeast Investment Management

Northeast Investment Management raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,935 shares of the utilities provider’s stock after acquiring an additional 861 shares during the quarter. NextEra Energy makes up about 1.4% of Northeast Investment Management’s holdings, making the stock its 22nd largest holding. Northeast Investment Management’s holdings in NextEra Energy were worth $29,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NEE. Zimmermann Investment Management & Planning LLC purchased a new position in NextEra Energy in the second quarter worth approximately $377,000. Breakwater Capital Group grew its position in NextEra Energy by 8.7% in the second quarter. Breakwater Capital Group now owns 8,105 shares of the utilities provider’s stock worth $574,000 after acquiring an additional 649 shares during the period. Conning Inc. grew its position in NextEra Energy by 3.8% in the second quarter. Conning Inc. now owns 14,545 shares of the utilities provider’s stock worth $1,030,000 after acquiring an additional 537 shares during the period. Argonautica Private Wealth Management Inc. grew its position in NextEra Energy by 0.7% in the second quarter. Argonautica Private Wealth Management Inc. now owns 30,022 shares of the utilities provider’s stock worth $2,126,000 after acquiring an additional 219 shares during the period. Finally, Simmons Bank grew its position in NextEra Energy by 0.7% in the second quarter. Simmons Bank now owns 112,935 shares of the utilities provider’s stock worth $7,997,000 after acquiring an additional 747 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.2 %

NextEra Energy stock traded down $0.19 during midday trading on Wednesday, reaching $79.42. The company’s stock had a trading volume of 5,461,773 shares, compared to its average volume of 11,126,026. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $81.07. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market cap of $163.17 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.84 and a beta of 0.54. The business has a 50-day simple moving average of $74.91 and a 200-day simple moving average of $69.17.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the firm earned $0.88 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley increased their price objective on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Barclays raised their price target on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Scotiabank raised their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

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.