NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Plancorp LLC

Plancorp LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,896 shares of the utilities provider’s stock after purchasing an additional 260 shares during the period. Plancorp LLC’s holdings in NextEra Energy were worth $1,055,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NEE. Massachusetts Financial Services Co. MA increased its position in NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after acquiring an additional 691,341 shares during the period. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after purchasing an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of NextEra Energy by 10.5% in the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after purchasing an additional 629,032 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of NextEra Energy by 6.9% during the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after purchasing an additional 388,149 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.0 %

Shares of NEE opened at $84.63 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. The stock has a market capitalization of $173.88 billion, a P/E ratio of 23.06, a P/E/G ratio of 3.03 and a beta of 0.56. The business’s 50-day moving average price is $77.56 and its 200 day moving average price is $71.66.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the firm posted $0.88 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.43%. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. Evercore ISI upped their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Barclays boosted their price objective on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.