HighVista Strategies LLC Purchases New Position in NextEra Energy, Inc. $NEE

HighVista Strategies LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,752 shares of the utilities provider’s stock, valued at approximately $1,189,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goodman Advisory Group LLC acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new position in NextEra Energy during the third quarter worth about $25,000. Howard Hughes Medical Institute acquired a new position in NextEra Energy during the 2nd quarter worth approximately $31,000. Rexford Capital Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $34,000. Finally, Abound Wealth Management lifted its holdings in NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 237 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.2%

Shares of NEE opened at $92.81 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The stock has a market cap of $193.38 billion, a PE ratio of 28.21 and a beta of 0.75. The stock’s 50-day moving average is $88.42 and its two-hundred day moving average is $82.95.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the business earned $0.53 EPS. The business’s revenue was up 20.7% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s dividend payout ratio is presently 75.68%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NEE shares. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. BMO Capital Markets set a $95.00 target price on NextEra Energy in a report on Thursday, January 29th. Wolfe Research increased their price objective on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company raised their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.16.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 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 $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president directly owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 185,882 shares of company stock valued at $16,616,757 over the last 90 days. 0.18% of the stock is owned by corporate 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.