Private Bank & Trust Co. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,921 shares of the utilities provider’s stock, valued at approximately $269,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. BlackRock Inc. increased its position in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares during the last quarter. APG Asset Management N.V. increased its position in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares during the last quarter. Bank of Montreal Can purchased a new position in NextEra Energy during the second quarter valued at $83,603,000. Canada Pension Plan Investment Board increased its position in NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock valued at $51,220,000 after buying an additional 393,931 shares during the last quarter. Finally, Swiss National Bank increased its position in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after buying an additional 382,800 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy, Inc. (NYSE:NEE) traded up 0.49% on Tuesday, reaching $148.79. The company’s stock had a trading volume of 373,132 shares. The stock has a 50 day moving average price of $143.51 and a 200-day moving average price of $135.51. The company has a market capitalization of $69.82 billion, a price-to-earnings ratio of 17.04 and a beta of 0.32. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $148.85.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.

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NEE has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley increased their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, May 8th. Barclays PLC reiterated an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, BMO Capital Markets restated a “buy” rating and set a $156.00 price objective (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $148.64.

In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders sold 90,431 shares of company stock valued at $12,692,378 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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