NextEra Energy, Inc. $NEE Stake Raised by Premier Fund Managers Ltd

Premier Fund Managers Ltd boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 66.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the utilities provider’s stock after acquiring an additional 12,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in NextEra Energy were worth $2,286,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at approximately $25,000. Quaker Wealth Management LLC boosted its stake in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy during the 2nd quarter valued at $31,000. Finally, Rexford Capital Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,049 shares of company stock worth $14,194,542 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NEE. Wells Fargo & Company increased 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. Barclays lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price objective on shares of NextEra Energy in a research report on Friday. Finally, Mizuho set a $90.00 target price on shares of NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.05.

NextEra Energy Stock Up 0.5%

NEE opened at $92.07 on Friday. The firm has a market cap of $191.83 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The business has a 50 day moving average price of $84.76 and a 200 day moving average price of $80.93. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $95.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is presently 69.00%.

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.