Quadrant Capital Group LLC Has $3.95 Million Stake in NextEra Energy, Inc. $NEE

Quadrant Capital Group LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 32.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 56,901 shares of the utilities provider’s stock after purchasing an additional 13,784 shares during the period. Quadrant Capital Group LLC’s holdings in NextEra Energy were worth $3,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of NextEra Energy by 4.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 35,891 shares of the utilities provider’s stock worth $2,544,000 after acquiring an additional 1,608 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of NextEra Energy during the 1st quarter worth approximately $193,000. Finally, Cozad Asset Management Inc. increased its position in shares of NextEra Energy by 1.2% during the first quarter. Cozad Asset Management Inc. now owns 15,680 shares of the utilities provider’s stock valued at $1,112,000 after purchasing an additional 190 shares during the period. 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 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEE shares. Mizuho raised their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased 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. New Street Research set a $84.00 price objective on NextEra Energy in a report on Monday, October 13th. Finally, Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.63.

NextEra Energy Trading Up 0.9%

NEE opened at $85.58 on Thursday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The stock has a market capitalization of $178.22 billion, a PE ratio of 27.25, a PEG ratio of 2.76 and a beta of 0.69. 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 firm has a 50-day moving average price of $81.73 and a two-hundred day moving average price of $75.61.

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 net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter last year, the business posted $1.03 earnings per share. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

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.