Castellan Group Acquires 3,210 Shares of NextEra Energy, Inc. $NEE

Key Points

• Castellan Group increased its holdings in NextEra Energy, Inc. by 7.4%, acquiring an additional 3,210 shares, bringing their total to 46,806 shares valued at approximately $3,249,000.
• Several large investors, including GQG Partners LLC and Charles Schwab Investment Management, also significantly boosted their stakes in NextEra Energy in recent months, contributing to 78.72% of the stock being owned by institutional investors.
• NextEra Energy reported quarterly earnings with an EPS of $1.05, beating estimates, but noted revenue fell short of expectations at $6.70 billion.

Castellan Group increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,806 shares of the utilities provider's stock after acquiring an additional 3,210 shares during the period. NextEra Energy comprises approximately 0.6% of Castellan Group's holdings, making the stock its 12th largest holding. Castellan Group's holdings in NextEra Energy were worth $3,249,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NEE. GQG Partners LLC boosted its position in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the period. Amundi lifted its stake in shares of NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock valued at $878,447,000 after purchasing an additional 2,657,438 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 during the period. Finally, Boston Partners lifted its stake in shares of NextEra Energy by 55.3% in the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock valued at $374,639,000 after purchasing an additional 1,886,999 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on NEE shares. Morgan Stanley reaffirmed an "overweight" rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of NextEra Energy in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $85.08.

NextEra Energy Trading Down 0.5%

NEE opened at $83.63 on Friday. The company has a market cap of $172.22 billion, a P/E ratio of 29.24, a PEG ratio of 2.89 and a beta of 0.66. 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's 50 day moving average is $73.94 and its 200-day moving average is $71.63. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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 firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by insiders.

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.

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