Adams Diversified Equity Fund Inc. maintained its position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,800 shares of the utilities provider’s stock at the end of the second quarter. Adams Diversified Equity Fund Inc.’s holdings in NextEra Energy were worth $15,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. BlackRock Inc. increased its position in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares during the last quarter. Wellington Management Group LLP increased its position in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares during the last quarter. FMR LLC increased its position in NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares during the last quarter. Geode Capital Management LLC increased its position in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Shares of NextEra Energy, Inc. (NEE) traded up 1.09% during mid-day trading on Friday, hitting $150.23. The company had a trading volume of 607,735 shares. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $150.52. The stock’s 50-day moving average is $144.09 and its 200-day moving average is $135.91. The stock has a market cap of $70.49 billion, a price-to-earnings ratio of 17.21 and a beta of 0.32.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.64%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.

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A number of research analysts have recently commented on NEE shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 price objective on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Barclays PLC reiterated an “overweight” rating and issued a $150.00 price objective (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $148.64.

In related news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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