DNB Asset Management AS boosted its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 861,291 shares of the utilities provider’s stock after purchasing an additional 41,799 shares during the period. DNB Asset Management AS’s holdings in NextEra Energy were worth $63,908,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Charter Oak Capital Management LLC boosted its position in shares of NextEra Energy by 1.0% in the first quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 130 shares during the period. Horan Securities Inc. lifted its stake in shares of NextEra Energy by 22.6% during the 1st quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock valued at $55,000 after buying an additional 131 shares in the last quarter. Nvest Financial LLC raised its holdings in NextEra Energy by 1.1% during the first quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock valued at $913,000 after acquiring an additional 132 shares during the period. White Pine Capital LLC lifted its position in shares of NextEra Energy by 0.8% in the first quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock valued at $1,260,000 after acquiring an additional 135 shares in the last quarter. Finally, Wimmer Associates 1 LLC lifted its position in shares of NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 135 shares in the last quarter. 76.48% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Morgan Stanley dropped their price target on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Guggenheim cut their target price on shares of NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. 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 price target on the stock. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. Finally, Royal Bank of Canada reduced their target price on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.90.
Insider Activity
In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $67.95 per share, with a total value of $679,500.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Lawrence Camaren purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $542,800. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kirk S. Hachigian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $67.95 per share, with a total value of $679,500.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The disclosure for this purchase can be found here. Insiders own 0.18% of the company’s stock.
NextEra Energy Stock Performance
NYSE:NEE opened at $67.35 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53. The stock’s fifty day moving average is $69.49 and its 200 day moving average is $73.31. The firm has a market capitalization of $136.30 billion, a PE ratio of 16.67, a PEG ratio of 2.62 and a beta of 0.47. NextEra Energy, Inc. has a fifty-two week low of $65.36 and a fifty-two week high of $88.61.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The business had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were given a dividend of $0.4675 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 annualized dividend and a dividend yield of 2.78%. NextEra Energy’s dividend payout ratio (DPR) is presently 46.29%.
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, 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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