KDT Advisors LLC Invests $224,000 in NextEra Energy, Inc. $NEE

KDT Advisors LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,223 shares of the utilities provider’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC raised its holdings in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the period. Amundi grew its position in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after buying an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Finally, Boston Partners raised its stake in shares of NextEra Energy by 55.3% in the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after buying an additional 1,886,999 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,028 shares of company stock valued at $1,738,973. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $81.54 on Monday. The stock has a market cap of $169.81 billion, a P/E ratio of 25.97, a PEG ratio of 2.76 and a beta of 0.66. The stock has a 50 day simple moving average of $77.31 and a 200 day simple moving average of $73.48. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is 71.97%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NEE shares. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. TD Cowen assumed coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Mizuho increased their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $90.22.

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,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.