NextEra Energy, Inc. $NEE Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 763.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 348,807 shares of the utilities provider’s stock after acquiring an additional 308,415 shares during the period. Intech Investment Management LLC’s holdings in NextEra Energy were worth $24,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares during the period. Geode Capital Management LLC boosted its stake in NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after buying an additional 526,996 shares during the period. Northern Trust Corp raised its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after acquiring an additional 262,819 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after acquiring an additional 1,336,259 shares during the last quarter. Finally, GQG Partners LLC boosted its position 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 worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.2%

Shares of NYSE NEE opened at $83.84 on Friday. The business has a 50-day moving average of $79.50 and a two-hundred day moving average of $74.59. The company has a market capitalization of $174.60 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. 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 (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s 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 directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% 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 Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,028 shares of company stock worth $1,738,973 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. Morgan Stanley restated an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Argus set a $90.00 target price on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy 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.