Banco Bilbao Vizcaya Argentaria S.A. Raises Stock Position in NextEra Energy, Inc. $NEE

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 535,742 shares of the utilities provider's stock after buying an additional 20,071 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NextEra Energy were worth $38,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after buying an additional 298 shares in the last quarter. First Trust Advisors LP increased its holdings in NextEra Energy by 355.6% in the fourth quarter. First Trust Advisors LP now owns 1,049,949 shares of the utilities provider's stock valued at $75,271,000 after buying an additional 819,518 shares in the last quarter. Capital International Inc. CA increased its holdings in NextEra Energy by 13.2% in the fourth quarter. Capital International Inc. CA now owns 67,927 shares of the utilities provider's stock valued at $4,870,000 after buying an additional 7,935 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in NextEra Energy by 11.6% in the fourth quarter. MML Investors Services LLC now owns 690,068 shares of the utilities provider's stock valued at $49,471,000 after buying an additional 71,872 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.5%

Shares of NYSE NEE opened at $75.77 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market cap of $156.03 billion, a PE ratio of 26.49, a P/E/G ratio of 2.60 and a beta of 0.63. 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 company has a 50-day moving average of $72.83 and a 200 day moving average of $70.63.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter in the prior year, the company earned $0.96 EPS. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Barclays lifted their target price 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. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated 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 in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business'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 completion of the transaction, the executive vice president 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. 0.18% of the stock is currently owned by corporate 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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