Westpac Banking Corp boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 19.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,234 shares of the utilities provider’s stock after buying an additional 18,034 shares during the quarter. Westpac Banking Corp’s holdings in NextEra Energy were worth $22,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Manchester Financial Inc. purchased a new position in NextEra Energy during the second quarter worth $26,000. Mackey Komara & Dankovich LLC boosted its stake in NextEra Energy by 446.4% during the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after buying an additional 625 shares during the period. Ellis Investment Partners LLC purchased a new position in NextEra Energy during the first quarter worth $32,000. Legacy Advisors LLC boosted its stake in NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares during the period. Finally, Massey Quick Simon & CO. LLC purchased a new position in NextEra Energy during the first quarter worth $39,000. 75.76% of the stock is owned by institutional investors.

Shares of NEE traded down $0.03 during trading hours on Tuesday, reaching $215.42. 1,482,547 shares of the company traded hands, compared to its average volume of 1,617,559. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $209.31. The stock has a market capitalization of $103.72 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 3.23 and a beta of 0.22. NextEra Energy Inc has a 12-month low of $164.25 and a 12-month high of $217.18.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 earnings per share. On average, equities analysts expect that NextEra Energy Inc will post 8.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.32%. NextEra Energy’s payout ratio is currently 64.94%.

Several research analysts have commented on the stock. Wells Fargo & Co lifted their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a research note on Tuesday. KeyCorp began coverage on shares of NextEra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $225.00 target price for the company. Morgan Stanley boosted their target price on shares of NextEra Energy from $207.00 to $234.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $212.29.

In related news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $202.90, for a total value of $324,640.00. Following the completion of the sale, the director now directly owns 18,315 shares in the company, valued at $3,716,113.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $195.20, for a total value of $8,693,622.40. The disclosure for this sale can be found here. Insiders sold 98,324 shares of company stock valued at $19,639,058 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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