Edmond DE Rothschild Holding S.A. Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Edmond DE Rothschild Holding S.A. raised its holdings in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 59.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 335,281 shares of the utilities provider’s stock after buying an additional 124,989 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in NextEra Energy were worth $25,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Hoey Investments Inc. acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at $26,000. Urban Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at $28,000. PYA Waltman Capital LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $36,000. Ellevest Inc. raised its holdings in shares of NextEra Energy by 51.3% in the 2nd quarter. Ellevest Inc. now owns 475 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 161 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NEE. KeyCorp reduced their price objective on shares of NextEra Energy from $93.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Wells Fargo & Company cut their price target on shares of NextEra Energy from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 19th. Guggenheim cut their price target on shares of NextEra Energy from $108.00 to $99.00 in a research note on Monday, October 24th. Finally, StockNews.com assumed coverage on shares of NextEra Energy in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.90.

NextEra Energy Stock Performance

NYSE NEE traded up $1.23 during trading on Thursday, reaching $84.92. The company’s stock had a trading volume of 4,259,871 shares, compared to its average volume of 6,908,651. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.40 and a current ratio of 0.46. The firm has a market cap of $168.75 billion, a price-to-earnings ratio of 43.77, a P/E/G ratio of 3.01 and a beta of 0.47. NextEra Energy, Inc. has a twelve month low of $67.22 and a twelve month high of $93.73. The business’s fifty day moving average price is $79.38 and its 200-day moving average price is $80.18.

NextEra Energy (NYSE:NEEGet Rating) last posted its quarterly earnings data on Friday, October 28th. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $5.77 billion. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. NextEra Energy’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 2.89 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be paid a $0.425 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $1.70 dividend on an annualized basis and a yield of 2.00%. NextEra Energy’s dividend payout ratio is presently 87.63%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Robert Coffey sold 2,908 shares of NextEra Energy stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total value of $227,376.52. Following the sale, the executive vice president now owns 11,489 shares of the company’s stock, valued at $898,324.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Ronald R. Reagan sold 9,307 shares of NextEra Energy stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total value of $826,368.53. Following the sale, the executive vice president now owns 18,176 shares of the company’s stock, valued at $1,613,847.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 2,908 shares of NextEra Energy stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total transaction of $227,376.52. Following the completion of the sale, the executive vice president now directly owns 11,489 shares in the company, valued at approximately $898,324.91. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

NextEra Energy Profile

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

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