NextEra Energy, Inc. $NEE Position Raised by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 39.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 37,697 shares of the utilities provider’s stock after buying an additional 10,635 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NextEra Energy were worth $2,617,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Avity Investment Management Inc. raised its stake in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after acquiring an additional 8,565 shares in the last quarter. Integrity Alliance LLC. raised its stake in NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after acquiring an additional 7,401 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at $783,000. Czech National Bank raised its stake in shares of NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after buying an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. raised its stake in shares of NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after buying an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $81.58 on Friday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $169.89 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.76 and a beta of 0.66. The stock’s fifty day simple moving average is $77.20 and its 200-day simple moving average is $73.29.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.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 previous year, the company posted $1.03 earnings per share. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s payout ratio is 72.29%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,028 shares of company stock worth $1,738,973 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on NEE. Argus set a $90.00 price objective on NextEra Energy in a research note on Wednesday. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective on the stock. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Finally, UBS Group reissued a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $90.22.

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,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.