Ninety One UK Ltd Has $166.59 Million Stock Holdings in NextEra Energy, Inc. $NEE

Ninety One UK Ltd lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,399,679 shares of the utilities provider’s stock after selling 25,010 shares during the quarter. Ninety One UK Ltd owned approximately 0.12% of NextEra Energy worth $166,586,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. increased its position in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price 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, Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

NextEra Energy Stock Performance

NEE opened at $75.50 on Wednesday. The business has a fifty day simple moving average of $72.59 and a 200 day simple moving average of $71.12. The company has a market capitalization of $155.48 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.0%. NextEra Energy’s payout ratio is 79.37%.

Insider Transactions at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,369 shares of company stock valued at $1,539,610. Company insiders own 0.18% of the company’s stock.

NextEra Energy 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.