Brookfield Corp ON raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 66.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,957,049 shares of the utilities provider’s stock after purchasing an additional 779,108 shares during the quarter. NextEra Energy accounts for about 0.6% of Brookfield Corp ON’s holdings, making the stock its 25th biggest holding. Brookfield Corp ON owned approximately 0.10% of NextEra Energy worth $150,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of NEE. United Bank lifted its position in NextEra Energy by 9.8% during the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the last quarter. LSV Asset Management lifted its holdings in shares of NextEra Energy by 9.2% in the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 2,700 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of NextEra Energy by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after acquiring an additional 1,587 shares during the last quarter. Covestor Ltd lifted its holdings in shares of NextEra Energy by 59.1% in the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 326 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $793,000. 76.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NEE has been the subject of a number of recent research reports. Guggenheim lowered their price objective on shares of NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Royal Bank of Canada lowered their price objective on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. StockNews.com initiated coverage on shares of NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 30th. Finally, The Goldman Sachs Group initiated coverage on shares of NextEra Energy in a research note on Wednesday, June 7th. They issued a “buy” rating and a $90.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.90.
Insider Transactions at NextEra Energy
In other NextEra Energy news, Director Kirk S. Hachigian bought 10,000 shares of NextEra Energy stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $67.95 per share, with a total value of $679,500.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $1,019,250. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NextEra Energy news, CEO John W. Ketchum bought 13,600 shares of NextEra Energy stock in a transaction dated Wednesday, June 14th. The shares were purchased at an average cost of $74.26 per share, with a total value of $1,009,936.00. Following the transaction, the chief executive officer now directly owns 184,485 shares of the company’s stock, valued at $13,699,856.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the purchase, the director now owns 15,000 shares in the company, valued at $1,019,250. The disclosure for this purchase can be found here. Insiders have acquired 27,600 shares of company stock valued at $1,960,836 in the last three months. 0.38% of the stock is currently owned by company insiders.
NextEra Energy Stock Up 1.1 %
Shares of NextEra Energy stock opened at $67.54 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $70.18 and its two-hundred day simple moving average is $73.50. The company has a market cap of $136.68 billion, a P/E ratio of 16.72, a PEG ratio of 2.54 and a beta of 0.47. NextEra Energy, Inc. has a 12-month low of $65.36 and a 12-month high of $90.85.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same period in the previous year, the firm earned $0.81 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.11 EPS for the current year.
NextEra Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be given a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, August 29th. NextEra Energy’s dividend payout ratio is presently 46.29%.
About NextEra Energy
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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