Amundi Purchases 2,657,438 Shares of NextEra Energy, Inc. $NEE

Key Points

• Amundi increased its stake in NextEra Energy by 27.8%, acquiring an additional 2,657,438 shares, bringing its total ownership to approximately 12.2 million shares valued at $878 million.
• Several hedge funds have also adjusted their holdings in NextEra Energy, with institutional investors now owning 78.72% of the stock.
• The company announced a quarterly dividend of $0.5665 per share, translating to an annualized dividend yield of 3.1%, with a payout ratio of 79.37%.

Amundi raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,200,990 shares of the utilities provider's stock after acquiring an additional 2,657,438 shares during the quarter. Amundi owned approximately 0.59% of NextEra Energy worth $878,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Brighton Jones LLC increased its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares during the period. Brown Advisory Inc. increased its position in shares of NextEra Energy by 3.1% during the fourth quarter. Brown Advisory Inc. now owns 236,242 shares of the utilities provider's stock worth $16,936,000 after buying an additional 7,022 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $1,051,000. Finally, BOKF NA increased its position in shares of NextEra Energy by 7.4% during the fourth quarter. BOKF NA now owns 108,276 shares of the utilities provider's stock worth $7,296,000 after buying an additional 7,501 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.0%

Shares of NextEra Energy stock traded down $0.02 during trading hours on Friday, reaching $70.85. The company's stock had a trading volume of 10,065,510 shares, compared to its average volume of 9,558,087. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a market capitalization of $145.90 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.44 and a beta of 0.65. The stock's fifty day simple moving average is $73.27 and its two-hundred day simple moving average is $71.05. 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 data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the firm earned $0.96 earnings per share. The business's quarterly revenue was up 10.4% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the firm's 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 transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NEE. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.