NextEra Energy, Inc. $NEE Shares Acquired by Haverford Financial Services Inc.

Haverford Financial Services Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,804 shares of the utilities provider’s stock after purchasing an additional 11,987 shares during the quarter. NextEra Energy accounts for 2.4% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 18th largest position. Haverford Financial Services Inc.’s holdings in NextEra Energy were worth $8,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 valued at $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 1.2% in 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 period. Northern Trust Corp increased its stake in NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. Finally, GQG Partners LLC boosted 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 worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.74 on Wednesday. The stock has a market capitalization of $176.48 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm’s 50-day moving average is $80.11 and its two-hundred day moving average is $74.96.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The stock was 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 168,168 shares of company stock worth $13,917,670 in the last three months. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NEE. Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Jefferies Financial Group restated a “hold” rating and set a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Evercore ISI reaffirmed an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a report on Tuesday, October 28th. Argus set a $90.00 price target on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.53.

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.