IFM Investors Pty Ltd Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

IFM Investors Pty Ltd lifted its position in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 125.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 572,462 shares of the utilities provider’s stock after buying an additional 318,562 shares during the period. NextEra Energy makes up about 0.8% of IFM Investors Pty Ltd’s portfolio, making the stock its 21st largest position. IFM Investors Pty Ltd’s holdings in NextEra Energy were worth $48,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Norges Bank purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $2,724,059,000. 1832 Asset Management L.P. grew its position in NextEra Energy by 29.4% during the 4th quarter. 1832 Asset Management L.P. now owns 9,406,722 shares of the utilities provider’s stock worth $881,233,000 after purchasing an additional 2,136,829 shares during the last quarter. Bank of Montreal Can grew its position in NextEra Energy by 19.0% during the 4th quarter. Bank of Montreal Can now owns 6,560,699 shares of the utilities provider’s stock worth $608,833,000 after purchasing an additional 1,047,532 shares during the last quarter. Covea Finance purchased a new stake in NextEra Energy during the 4th quarter worth approximately $79,079,000. Finally, Geode Capital Management LLC grew its position in NextEra Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 31,922,835 shares of the utilities provider’s stock worth $2,971,390,000 after purchasing an additional 796,968 shares during the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction on Tuesday, May 3rd. The stock was bought at an average cost of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $350,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction on Tuesday, May 3rd. The stock was bought at an average cost of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $350,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Ketchum acquired 12,909 shares of NextEra Energy stock in a transaction on Friday, July 1st. The shares were bought at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the transaction, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Barclays dropped their target price on shares of NextEra Energy from $90.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. KeyCorp decreased their price objective on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Guggenheim restated a “buy” rating and set a $91.00 price objective on shares of NextEra Energy in a research note on Friday, July 22nd. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $88.33.

NextEra Energy Stock Performance

NEE opened at $84.49 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.47. The firm has a fifty day moving average price of $77.56 and a 200 day moving average price of $77.89. NextEra Energy, Inc. has a 1 year low of $67.22 and a 1 year high of $93.73. The stock has a market cap of $165.98 billion, a P/E ratio of 64.50, a P/E/G ratio of 3.04 and a beta of 0.45.

NextEra Energy (NYSE:NEEGet Rating) last posted its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue was up 32.0% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 2.86 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.01%. NextEra Energy’s dividend payout ratio is presently 129.77%.

About NextEra Energy

(Get Rating)

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, coal, and natural gas facilities. 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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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