Victrix Investment Advisors Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Victrix Investment Advisors boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 61.3% during the first quarter, Holdings Channel.com reports. The firm owned 21,386 shares of the utilities provider’s stock after acquiring an additional 8,129 shares during the quarter. Victrix Investment Advisors’ holdings in NextEra Energy were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after buying an additional 2,090,538 shares during the last quarter. Norges Bank purchased a new position in NextEra Energy during the fourth quarter valued at $3,484,197,000. Geode Capital Management LLC boosted its holdings in NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares in the last quarter. Northern Trust Corp boosted its holdings in NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock worth $977,191,000 after acquiring an additional 345,999 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.0%

Shares of NEE stock opened at $71.03 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market capitalization of $146.22 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.48 and a beta of 0.68. The firm’s 50 day moving average is $69.90 and its 200 day moving average is $70.19.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy’s payout ratio is 85.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NEE shares. BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% 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. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Profile

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.