Stack Financial Management Inc Takes Position in NextEra Energy, Inc. $NEE

Stack Financial Management Inc acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 315,237 shares of the utilities provider’s stock, valued at approximately $21,884,000. NextEra Energy comprises approximately 1.9% of Stack Financial Management Inc’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. Northern Trust Corp grew its stake in NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after acquiring an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares in the last quarter. GQG Partners LLC grew its stake in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NEE. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Melius started coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $85.08.

NextEra Energy Price Performance

NEE stock opened at $83.30 on Monday. 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, Inc. has a one year low of $61.72 and a one year high of $86.00. The stock has a market cap of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66. The firm has a 50 day simple moving average of $74.20 and a two-hundred day simple moving average of $71.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred 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 directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.18% of the company’s stock.

About NextEra Energy

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.