NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its stake in NextEra Energy by 8.2%, acquiring an additional 23,449 shares, bringing their total holdings to 308,385 shares worth approximately $21.86 million.
• Insiders at NextEra Energy sold shares recently, including EVP Robert Coffey who sold 7,500 shares, reducing his ownership by 22.03%, while Treasurer James Michael May decreased his stake by 7.30%.
• NextEra Energy reported earnings per share of $1.05 for the last quarter, surpassing analysts' expectations, while also announcing a quarterly dividend of $0.5665 per share to be paid on September 15th.

Benjamin Edwards Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,385 shares of the utilities provider's stock after acquiring an additional 23,449 shares during the period. Benjamin Edwards Inc.'s holdings in NextEra Energy were worth $21,862,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased 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 valued at $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Northern Trust Corp increased its stake in shares of NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 buying an additional 2,815,629 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NextEra Energy by 15.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock worth $926,358,000 after purchasing an additional 1,707,933 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NYSE:NEE traded down $0.57 during trading hours on Tuesday, reaching $71.88. 8,670,921 shares of the company's stock were exchanged, compared to its average volume of 11,918,792. The company has a market capitalization of $148.02 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month 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. The business's 50-day simple moving average is $72.61 and its two-hundred day simple moving average is $70.57.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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 $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value 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. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on NEE. JPMorgan Chase & Co. lowered their target price on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Wells Fargo & Company reduced their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group dropped their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.42.

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.