Natixis Advisors LLC Buys 189,406 Shares of NextEra Energy, Inc. $NEE

Natixis Advisors LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,398,403 shares of the utilities provider’s stock after acquiring an additional 189,406 shares during the quarter. Natixis Advisors LLC owned about 0.07% of NextEra Energy worth $105,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Vanguard Group Inc. raised its position in shares of NextEra Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after purchasing an additional 922,500 shares during the period. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after buying an additional 526,996 shares in the last quarter. Norges Bank bought a new position in NextEra Energy in the 2nd quarter worth $2,375,545,000. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 2.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after buying an additional 340,315 shares during the period. Finally, Legal & General Group Plc increased its stake in NextEra Energy by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after buying an additional 408,198 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group raised their price target on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Morgan Stanley reiterated an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a research report on Friday, February 20th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, Argus set a $92.00 price target on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.16.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE opened at $91.03 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The firm’s 50-day moving average price is $87.27 and its 200-day moving average price is $82.36. The stock has a market capitalization of $189.66 billion, a price-to-earnings ratio of 27.67 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.6232 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.

Insider Activity

In related news, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This trade represents a 65.88% 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, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is currently owned by insiders.

NextEra Energy Company 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.