Arrowstreet Capital Limited Partnership Purchases 265,740 Shares of NextEra Energy, Inc. $NEE

Arrowstreet Capital Limited Partnership grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 191.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 404,799 shares of the utilities provider’s stock after acquiring an additional 265,740 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in NextEra Energy were worth $28,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 5,554,603 shares during the period. Geode Capital Management LLC boosted its holdings in NextEra Energy by 1.2% during the 2nd 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 NextEra Energy in the 2nd quarter valued at about $2,375,545,000. Northern Trust Corp lifted its holdings in NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after acquiring an additional 262,819 shares during the period. Finally, GQG Partners LLC grew its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after buying an additional 6,352,798 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.4%

NYSE:NEE opened at $83.08 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The company’s 50 day moving average price is $83.37 and its 200-day moving average price is $76.17. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock has a market cap of $173.02 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.80 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm 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 company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 168,168 shares of company stock valued at $13,917,670 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NEE shares. Cowen assumed coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Morgan Stanley cut their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. BTIG Research reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, October 27th. Finally, New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.00.

About NextEra Energy

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,natural gas, and other clean energy. 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.