3,895 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC acquired 3,895 shares of NextEra Energy, valued at approximately $276,000, during the first quarter.
• Significant insider selling occurred, with Treasurer James Michael May and EVP Charles E. Sieving reducing their positions by 7.30% and 10.74%, respectively.
• Several analysts adjusted their price targets for NextEra Energy, with the consensus price target now set at $84.42.

Integrated Investment Consultants LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,895 shares of the utilities provider's stock, valued at approximately $276,000.

Other hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new stake in NextEra Energy in the 4th quarter valued at about $240,269,000. California Public Employees Retirement System increased its position in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after acquiring an additional 2,517,369 shares in the last quarter. Schroder Investment Management Group increased its position in NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after acquiring an additional 2,499,011 shares in the last quarter. GAMMA Investing LLC increased its position in NextEra Energy by 8,456.8% in the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock valued at $174,286,000 after acquiring an additional 2,429,804 shares in the last quarter. Finally, Northern Trust Corp increased its position in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Barclays raised their price objective on shares of 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 shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Finally, UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.42.

Insider Activity at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.62 during trading on Tuesday, reaching $71.96. The company's stock had a trading volume of 7,573,019 shares, compared to its average volume of 12,222,984. The business's 50-day moving average price is $72.19 and its 200-day moving average price is $70.46. The firm has a market cap of $148.19 billion, a PE ratio of 25.16, a P/E/G ratio of 2.48 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate 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%. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

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.