Meeder Asset Management Inc. Acquires 17,600 Shares of NextEra Energy, Inc. $NEE

Meeder Asset Management Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1,760,000.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,601 shares of the utilities provider’s stock after purchasing an additional 17,600 shares during the quarter. Meeder Asset Management Inc.’s holdings in NextEra Energy were worth $1,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Norges Bank acquired a new stake in shares of NextEra Energy in the second quarter valued at about $2,375,545,000. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after acquiring an additional 5,554,603 shares during the period. Assenagon Asset Management S.A. boosted its holdings in NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after acquiring an additional 3,755,563 shares during the last quarter. Schroder Investment Management Group increased its position in NextEra Energy by 18.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after purchasing an additional 1,701,648 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its holdings in NextEra Energy by 181.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after purchasing an additional 1,410,200 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $79.92 on Monday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The company has a market cap of $166.43 billion, a PE ratio of 25.45, a P/E/G ratio of 2.48 and a beta of 0.74. The stock has a 50-day moving average of $82.33 and a 200-day moving average of $77.90. 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 posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NEE. Wolfe Research upped their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Morgan Stanley lowered their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $88.00 target price (up previously from $85.00) on shares of NextEra Energy in a research note on Wednesday, December 31st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.72.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.