Cookson Peirce & Co. Inc. Takes $689,000 Position in NextEra Energy, Inc. $NEE

Key Points

• Cookson Peirce & Co. Inc. has acquired 9,720 shares of NextEra Energy, valued at approximately $689,000, as per their recent 13F filing.
• NextEra Energy reported earnings of $1.05 per share for the quarter, exceeding analyst expectations, and had a revenue of $6.70 billion, up 10.4% year-over-year.
• The company declared a quarterly dividend of $0.5665 per share, with a dividend yield of 3.1%.

Cookson Peirce & Co. Inc. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,720 shares of the utilities provider's stock, valued at approximately $689,000.

A number of other institutional investors also recently modified their holdings of the business. Vestmark Advisory Solutions Inc. raised its holdings in shares of NextEra Energy by 97.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 83,988 shares of the utilities provider's stock worth $5,954,000 after buying an additional 41,424 shares in the last quarter. Boston Partners raised its holdings in shares of NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock worth $374,639,000 after buying an additional 1,886,999 shares in the last quarter. GQG Partners LLC raised its holdings in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. E Fund Management Co. Ltd. grew its position in NextEra Energy by 6.0% during the 1st quarter. E Fund Management Co. Ltd. now owns 5,288 shares of the utilities provider's stock worth $375,000 after acquiring an additional 301 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in NextEra Energy by 2.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 100,085 shares of the utilities provider's stock worth $7,095,000 after acquiring an additional 1,977 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. Melius began coverage on NextEra Energy in a research report on Wednesday. They set a "buy" rating and a $77.00 price objective on the stock. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group reduced their price objective on 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, Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.85.

NextEra Energy Trading Down 0.8%

Shares of NYSE NEE traded down $0.64 during trading on Wednesday, reaching $75.87. The company had a trading volume of 2,442,887 shares, compared to its average volume of 11,852,395. The company's fifty day moving average price is $72.90 and its 200-day moving average price is $70.68. 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 $156.24 billion, a P/E ratio of 26.59, a PEG ratio of 2.61 and a beta of 0.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business's revenue was up 10.4% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was 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 of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents 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 owned by insiders.

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.