NextEra Energy, Inc. $NEE Stock Holdings Increased by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,504 shares of the utilities provider’s stock after purchasing an additional 9,650 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in NextEra Energy were worth $5,096,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Vanguard Group Inc. lifted its position in NextEra Energy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock worth $16,139,726,000 after buying an additional 922,500 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 1.2% in 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 acquiring an additional 526,996 shares during the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy during the second quarter worth $2,375,545,000. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after purchasing an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in NextEra Energy by 2.6% in the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after purchasing an additional 408,198 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $92.50 on Wednesday. The firm has a market capitalization of $192.73 billion, a PE ratio of 28.12 and a beta of 0.76. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.91. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm’s fifty day simple moving average is $86.59 and its 200 day simple moving average is $82.04.

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

NextEra Energy Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 75.68%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEE. JPMorgan Chase & Co. raised their price target on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Finally, Wall Street Zen upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.47.

Insider Buying and Selling

In other news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were 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 approximately $867,870. The trade was a 65.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This represents a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is owned by company insiders.

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.