CenterBook Partners LP Purchases Shares of 12,028 NextEra Energy, Inc. (NYSE:NEE)

CenterBook Partners LP purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,028 shares of the utilities provider's stock, valued at approximately $853,000.

Several other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 2,815,629 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $17,962,000. Citizens Financial Group Inc. RI increased its stake in shares of NextEra Energy by 2.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 201,847 shares of the utilities provider's stock worth $14,309,000 after purchasing an additional 4,209 shares during the last quarter. Corbyn Investment Management Inc. MD increased its stake in shares of NextEra Energy by 3.3% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 52,490 shares of the utilities provider's stock worth $3,721,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its stake in shares of NextEra Energy by 32.1% during the 1st quarter. Cornerstone Advisors LLC now owns 193,200 shares of the utilities provider's stock worth $13,696,000 after purchasing an additional 46,900 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note 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. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $84.08.

NextEra Energy Price Performance

NEE traded up $0.73 on Friday, reaching $75.91. 7,985,565 shares of the company's stock were exchanged, compared to its average volume of 11,033,274. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market cap of $156.27 billion, a PE ratio of 28.43, a P/E/G ratio of 2.65 and a beta of 0.67. The stock's fifty day moving average price is $72.09 and its 200-day moving average price is $70.34. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 2.99%. NextEra Energy's payout ratio is currently 85.02%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company 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.