Compagnie Lombard Odier SCmA Has $84.41 Million Stake in NextEra Energy, Inc. $NEE

Compagnie Lombard Odier SCmA grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,051,472 shares of the utilities provider’s stock after acquiring an additional 39,228 shares during the period. NextEra Energy accounts for approximately 0.9% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 26th biggest holding. Compagnie Lombard Odier SCmA owned approximately 0.05% of NextEra Energy worth $84,412,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sax Wealth Advisors LLC boosted its position in shares of NextEra Energy by 0.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 118 shares in the last quarter. apricus wealth LLC increased its holdings in NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 120 shares in the last quarter. Isthmus Partners LLC increased its holdings in NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 120 shares in the last quarter. Fingerlakes Wealth Management Inc. lifted its stake in NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after buying an additional 124 shares during the period. Finally, Heritage Wealth Management Inc. lifted its stake in NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after buying an additional 125 shares during the period. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on NEE. The Goldman Sachs Group raised their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group boosted their target price on shares of NextEra Energy from $87.00 to $92.00 and gave the company a “hold” rating in a research report on Tuesday. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.72.

Insider Transactions at NextEra Energy

In other 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 completion of the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 190,816 shares of company stock valued at $17,075,619. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 0.1%

Shares of NextEra Energy stock opened at $92.95 on Thursday. The stock has a market capitalization of $193.67 billion, a PE ratio of 28.25 and a beta of 0.74. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The stock has a 50 day moving average price of $91.02 and a two-hundred day moving average price of $84.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last issued 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. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company 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 firm earned $0.53 earnings per share. NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. The ex-dividend date was 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 yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 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.