Aureus Asset Management LLC lifted its holdings in NextEra Energy Inc (NYSE:NEE) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,306 shares of the utilities provider’s stock after acquiring an additional 340 shares during the quarter. Aureus Asset Management LLC’s holdings in NextEra Energy were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its holdings in NextEra Energy by 32.8% during the second quarter. Baird Financial Group Inc. now owns 94,733 shares of the utilities provider’s stock worth $15,823,000 after buying an additional 23,416 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in NextEra Energy by 2.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 51,390 shares of the utilities provider’s stock worth $8,584,000 after buying an additional 1,250 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in NextEra Energy during the second quarter worth $12,171,000. Captrust Financial Advisors boosted its holdings in NextEra Energy by 38.0% during the second quarter. Captrust Financial Advisors now owns 6,287 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 1,732 shares in the last quarter. Finally, Korea Investment CORP boosted its holdings in NextEra Energy by 2.6% during the second quarter. Korea Investment CORP now owns 585,710 shares of the utilities provider’s stock worth $97,831,000 after buying an additional 14,800 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

NEE opened at $170.03 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. The firm has a market cap of $80.22 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 2.62 and a beta of 0.18. NextEra Energy Inc has a 52-week low of $144.70 and a 52-week high of $175.65.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. research analysts anticipate that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.61%. The ex-dividend date is Wednesday, August 29th. NextEra Energy’s payout ratio is 66.27%.

A number of analysts recently issued reports on NEE shares. KeyCorp increased their price target on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 19th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Mizuho initiated coverage on shares of NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 price target on the stock. Scotiabank initiated coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They set a “hold” rating and a $70.00 price objective on the stock. Finally, ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $167.08.

In other news, CEO Armando Pimentel, Jr. sold 8,336 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $157.15, for a total value of $1,310,002.40. Following the transaction, the chief executive officer now directly owns 77,139 shares of the company’s stock, valued at $12,122,393.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the transaction, the chief executive officer now directly owns 64,169 shares in the company, valued at $10,971,615.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,070 shares of company stock worth $6,067,772. Insiders own 0.55% of the company’s stock.

NextEra Energy Company 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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