NextEra Energy, Inc. $NEE Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 35.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 79,025 shares of the utilities provider’s stock after acquiring an additional 20,630 shares during the period. NextEra Energy makes up approximately 1.6% of Fulcrum Asset Management LLP’s portfolio, making the stock its 14th biggest position. Fulcrum Asset Management LLP’s holdings in NextEra Energy were worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the second quarter worth approximately $25,000. Strive Asset Management LLC acquired a new position in NextEra Energy during the third quarter worth approximately $29,000. Howard Hughes Medical Institute purchased a new position in NextEra Energy during the second quarter worth approximately $31,000. Finally, Abound Wealth Management raised its stake in NextEra Energy by 108.2% during the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NEE. Wolfe Research boosted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Jefferies Financial Group set a $87.00 target price on NextEra Energy in a research report on Wednesday, January 14th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Mizuho set a $90.00 price target on NextEra Energy and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.16.

NextEra Energy Price Performance

NEE opened at $90.99 on Thursday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91. The company has a 50 day moving average of $89.13 and a two-hundred day moving average of $83.29. The company has a market cap of $189.59 billion, a P/E ratio of 27.66 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

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

Insider Activity at NextEra Energy

In related news, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. The sale 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 business’s 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 transaction, the executive vice president directly owned 73,857 shares in the company, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 190,816 shares of company stock valued at $17,075,619 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

About NextEra Energy

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.