Landscape Capital Management L.L.C. Acquires 34,842 Shares of NextEra Energy, Inc. $NEE

Landscape Capital Management L.L.C. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 81.2% in the first quarter, Holdings Channel.com reports. The fund owned 77,771 shares of the utilities provider’s stock after purchasing an additional 34,842 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in NextEra Energy were worth $5,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Northern Trust Corp lifted its holdings in shares of NextEra Energy by 1.1% during the 1st 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. Goldman Sachs Group Inc. lifted its holdings in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after acquiring an additional 1,336,259 shares during the period. GQG Partners LLC lifted its holdings in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Down 1.2%

Shares of NYSE NEE opened at $73.95 on Thursday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $152.27 billion, a PE ratio of 25.85, a P/E/G ratio of 2.58 and a beta of 0.63. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $73.18 and a two-hundred day moving average of $70.91.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. NextEra Energy’s payout ratio is currently 79.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NEE shares. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, UBS Group cut their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $83.79.

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.