NextEra Energy, Inc. $NEE Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• British Columbia Investment Management Corp has increased its holdings in NextEra Energy by 14.9%, acquiring an additional 85,860 shares, bringing its total holdings to 662,499 shares worth approximately $46.97 million.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, with a yield of 3.0%, scheduled for payment on September 15th to shareholders of record on August 28th.
• Analysts have adjusted price targets for NextEra Energy, with estimates ranging from $65.00 to $87.00, reflecting a generally optimistic outlook for the company.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 662,499 shares of the utilities provider's stock after buying an additional 85,860 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NextEra Energy were worth $46,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted 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 purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted 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 purchasing an additional 298 shares during the period. Dark Forest Capital Management LP boosted its holdings in NextEra Energy by 40.5% in the fourth quarter. Dark Forest Capital Management LP now owns 9,724 shares of the utilities provider's stock valued at $697,000 after purchasing an additional 2,802 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in NextEra Energy by 49.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 66,427 shares of the utilities provider's stock valued at $4,762,000 after purchasing an additional 21,964 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its holdings in NextEra Energy by 3.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 7,713 shares of the utilities provider's stock valued at $553,000 after purchasing an additional 251 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley decreased their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Finally, UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.23.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.93 on Monday, hitting $75.39. The stock had a trading volume of 6,337,673 shares, compared to its average volume of 9,069,239. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. 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 stock has a market cap of $155.25 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.63 and a beta of 0.63. The company's 50 day moving average price is $73.08 and its 200 day moving average price is $70.86.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business 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 business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

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.