ASR Vermogensbeheer N.V. Grows Stock Position in NextEra Energy, Inc. $NEE

Key Points

• ASR Vermogensbeheer N.V. increased its stake in NextEra Energy, Inc. by 3.5% during the second quarter, bringing its total holdings to 262,185 shares valued at approximately $18.2 million.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, resulting in an annualized dividend yield of 2.9%, with a payout ratio of 79.37%.
• The company reported $1.05 EPS for the last quarter, beating expectations, but revenue fell short of analyst estimates, coming in at $6.7 billion.

ASR Vermogensbeheer N.V. boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,185 shares of the utilities provider's stock after acquiring an additional 8,813 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in NextEra Energy were worth $18,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Brighton Jones LLC boosted its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares during the period. Merit Financial Group LLC boosted its holdings in NextEra Energy by 47.2% in the 1st quarter. Merit Financial Group LLC now owns 46,173 shares of the utilities provider's stock worth $3,273,000 after acquiring an additional 14,804 shares during the period. HBW Advisory Services LLC raised its position in shares of NextEra Energy by 17.1% in the 1st quarter. HBW Advisory Services LLC now owns 10,895 shares of the utilities provider's stock valued at $772,000 after purchasing an additional 1,588 shares in the last quarter. Finally, CGN Advisors LLC boosted its stake in shares of NextEra Energy by 5.9% during the 1st quarter. CGN Advisors LLC now owns 3,608 shares of the utilities provider's stock valued at $256,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred 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 sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NEE stock opened at $78.63 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market cap of $161.92 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.60 and a beta of 0.66. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock's 50 day simple moving average is $72.70 and its 200 day simple moving average is $71.17.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Morgan Stanley reiterated an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

NextEra Energy Company 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.

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