OFI Invest Asset Management Boosts Stake in NextEra Energy, Inc. $NEE

OFI Invest Asset Management raised its position in NextEra Energy, Inc. (NYSE:NEE) by 45.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 933,624 shares of the utilities provider’s stock after purchasing an additional 293,376 shares during the period. OFI Invest Asset Management’s holdings in NextEra Energy were worth $64,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its stake in NextEra Energy by 21.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 291,126 shares of the utilities provider’s stock valued at $20,268,000 after buying an additional 51,453 shares during the last quarter. Sovereign Financial Group Inc. grew its position in shares of NextEra Energy by 3.5% during the 2nd quarter. Sovereign Financial Group Inc. now owns 9,706 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 330 shares during the period. Tranquility Partners LLC grew its position in shares of NextEra Energy by 23.8% during the 2nd quarter. Tranquility Partners LLC now owns 18,013 shares of the utilities provider’s stock valued at $1,250,000 after acquiring an additional 3,463 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of NextEra Energy by 23.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 149,021 shares of the utilities provider’s stock valued at $10,345,000 after acquiring an additional 28,435 shares during the period. Finally, Matrix Asset Advisors Inc. NY grew its position in shares of NextEra Energy by 4.5% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 266,053 shares of the utilities provider’s stock valued at $18,469,000 after acquiring an additional 11,430 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.5%

NEE opened at $83.30 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. 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 market cap of $171.54 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a 50 day moving average of $74.20 and a 200 day moving average of $71.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 79.02%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NEE shares. Barclays increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Finally, Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. Company 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.