Quaero Capital S.A. Has $2.19 Million Stake in NextEra Energy, Inc. $NEE

Quaero Capital S.A. lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 29.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,498 shares of the utilities provider’s stock after selling 13,282 shares during the period. NextEra Energy comprises about 2.7% of Quaero Capital S.A.’s holdings, making the stock its 7th largest holding. Quaero Capital S.A.’s holdings in NextEra Energy were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management lifted its position in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the 1st quarter valued at $26,000. Quaker Wealth Management LLC raised its holdings in NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in NextEra Energy during the 1st quarter valued at $32,000. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was 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 owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,028 shares of company stock valued at $1,738,973. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. BTIG Research restated a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, Mizuho upped their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $82.11 on Thursday. The company has a market capitalization of $171.01 billion, a PE ratio of 26.15, a PEG ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The business has a fifty day moving average price of $77.74 and a 200-day moving average price of $73.76.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 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.