Banque Cantonale Vaudoise Takes $7.21 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Banque Cantonale Vaudoise has acquired 101,665 shares in NextEra Energy, Inc. (NYSE:NEE), valued at approximately $7.2 million, according to their recent 13F filing.
• NextEra Energy reported a quarterly EPS of $1.05, surpassing analysts' estimates of $1.01, along with a year-over-year revenue increase of 10.4%.
• The company announced a quarterly dividend of $0.5665 per share, reflecting an annualized dividend yield of 3.18%.

Banque Cantonale Vaudoise bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 101,665 shares of the utilities provider's stock, valued at approximately $7,207,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $30,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter worth about $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter worth about $36,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of NextEra Energy during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Trading Up 0.9%

Shares of NEE traded up $0.62 during midday trading on Tuesday, hitting $71.96. 7,585,984 shares of the stock were exchanged, compared to its average volume of 10,389,966. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a fifty day simple moving average of $72.14 and a 200 day simple moving average of $70.47. The firm has a market cap of $148.19 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.46 and a beta of 0.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the business posted $0.96 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy's dividend payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,361 shares of company stock worth $2,365,398 over the last ninety days. Company insiders own 0.18% of the company's stock.

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.