Simmons Bank Acquires 719 Shares of NextEra Energy, Inc. $NEE

Simmons Bank increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 114,071 shares of the utilities provider’s stock after purchasing an additional 719 shares during the quarter. Simmons Bank’s holdings in NextEra Energy were worth $7,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. GQG Partners LLC raised its stake in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the last quarter. Amundi raised its stake in shares of 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 during the last quarter. Vanguard Group Inc. raised its stake 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 worth $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Finally, Boston Partners raised its stake in shares of NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after buying an additional 1,886,999 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NEE shares. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. BTIG Research restated a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Finally, Cowen started coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,028 shares of company stock worth $1,738,973 over the last quarter. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 0.2%

Shares of NYSE NEE opened at $81.61 on Wednesday. The stock has a market cap of $169.97 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.76 and a beta of 0.66. The firm has a 50 day moving average price of $77.57 and a 200 day moving average price of $73.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

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

NextEra Energy Dividend Announcement

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

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,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.