Premier Fund Managers Ltd Has $2.29 Million Stake in NextEra Energy, Inc. $NEE

Premier Fund Managers Ltd raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 66.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,000 shares of the utilities provider’s stock after acquiring an additional 12,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in NextEra Energy were worth $2,286,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in NextEra Energy during the second quarter valued at about $2,375,545,000. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after purchasing an additional 3,755,563 shares in the last quarter. Schroder Investment Management Group increased its position in shares of NextEra Energy by 18.7% during the second 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 stake in shares of NextEra Energy by 181.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock valued at $151,718,000 after purchasing an additional 1,410,200 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 159,049 shares of company stock valued at $14,194,542 over the last ninety days. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 0.5%

Shares of NextEra Energy stock opened at $92.07 on Friday. The stock has a market capitalization of $191.83 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $84.76 and a 200 day simple moving average of $80.93. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the company earned $0.53 EPS. NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. NextEra Energy’s dividend payout ratio is 69.00%.

Analyst Ratings Changes

Several research analysts recently commented on NEE shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $106.00 target price on shares of NextEra Energy in a research report on Friday. BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a research note on Thursday, January 29th. Jefferies Financial Group set a $87.00 price objective on shares of NextEra Energy in a report on Wednesday, January 14th. Evercore reiterated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. Finally, UBS Group set a $91.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.05.

About NextEra Energy

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.