Stenger Family Office LLC Takes $2.28 Million Position in NextEra Energy, Inc. $NEE

Stenger Family Office LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 32,040 shares of the utilities provider’s stock, valued at approximately $2,275,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in NextEra Energy in the second quarter worth $2,375,545,000. GQG Partners LLC boosted its holdings in shares of NextEra Energy by 58.4% in 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 purchasing an additional 6,352,798 shares during the period. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after buying an additional 5,554,603 shares during the period. Amundi raised its holdings in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after acquiring an additional 2,657,438 shares in the last quarter. Finally, Boston Partners lifted its stake in NextEra Energy by 55.3% in the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after acquiring an additional 1,886,999 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,168 shares of company stock worth $13,917,670 in the last three months. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Evercore ISI reiterated an “outperform” rating and issued a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research note on Monday, October 13th. UBS Group reissued a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.00.

NextEra Energy Stock Down 0.4%

NEE opened at $83.08 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a market cap of $173.02 billion, a PE ratio of 26.46, a P/E/G ratio of 2.80 and a beta of 0.74. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The business has a 50 day moving average price of $83.37 and a two-hundred day moving average price of $76.16.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

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.