WINTON GROUP Ltd Acquires Shares of 37,400 NextEra Energy, Inc. $NEE

WINTON GROUP Ltd acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 37,400 shares of the utilities provider’s stock, valued at approximately $2,823,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Navalign LLC raised its stake in NextEra Energy by 6.2% during the third quarter. Navalign LLC now owns 5,081 shares of the utilities provider’s stock valued at $384,000 after buying an additional 296 shares in the last quarter. SNS Financial Group LLC bought a new position in NextEra Energy during the 3rd quarter worth approximately $204,000. Flavin Financial Services Inc. grew its position in shares of NextEra Energy by 14.7% in the 3rd quarter. Flavin Financial Services Inc. now owns 34,886 shares of the utilities provider’s stock worth $2,634,000 after acquiring an additional 4,477 shares in the last quarter. Certified Advisory Corp increased its holdings in shares of NextEra Energy by 21.7% in the 3rd quarter. Certified Advisory Corp now owns 4,230 shares of the utilities provider’s stock valued at $319,000 after acquiring an additional 755 shares during the last quarter. Finally, PFG Advisors increased its holdings in shares of NextEra Energy by 27.9% in the 3rd quarter. PFG Advisors now owns 19,635 shares of the utilities provider’s stock valued at $1,482,000 after acquiring an additional 4,278 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy 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 sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. The trade was a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 185,882 shares of company stock worth $16,616,757 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Jefferies Financial Group set a $87.00 target price 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 research report on Saturday, February 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Price Performance

NYSE NEE opened at $91.57 on Wednesday. The company has a 50-day moving average price of $87.73 and a two-hundred day moving average price of $82.58. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The stock has a market cap of $190.79 billion, a price-to-earnings ratio of 27.83 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.

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.