4,458 Shares in NextEra Energy, Inc. $NEE Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired 4,458 shares of NextEra Energy, valued at approximately $316,000, during the first quarter.
• Several institutional investors have increased their holdings in NextEra Energy, with Vanguard Group now owning over 207 million shares worth about $14.7 billion.
• NextEra Energy has announced a quarterly dividend of $0.5665, offering an annualized yield of 3.2%, with a payout ratio of 79.37%.

MBB Public Markets I LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,458 shares of the utilities provider's stock, valued at approximately $316,000.

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

Analysts Set New Price Targets

NEE has been the topic of several recent research reports. Barclays boosted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

NextEra Energy Stock Up 0.4%

NEE stock opened at $70.07 on Wednesday. The firm has a market cap of $144.29 billion, a PE ratio of 24.50, a PEG ratio of 2.40 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm's 50 day moving average price is $73.22 and its 200-day moving average price is $71.05. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

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, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's revenue for the quarter 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, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy's payout ratio is presently 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, 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 value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,677 shares of company stock valued at $1,415,418 over the last quarter. 0.18% of the stock is owned by company insiders.

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.

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