11,000 Shares in NextEra Energy, Inc. $NEE Acquired by Corient IA LLC

Key Points

• Corient IA LLC has acquired a new stake in NextEra Energy, purchasing approximately $780,000 worth of shares in the first quarter.
• NextEra Energy's quarterly earnings report revealed an EPS of $1.05, exceeding expectations, although revenue of $6.70 billion fell short of estimates.
• The company announced a quarterly dividend of $0.5665 per share, representing a 3.0% dividend yield, with the payment date set for September 15th.

Corient IA LLC bought a new stake 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 Securities and Exchange Commission (SEC). The institutional investor bought 11,000 shares of the utilities provider's stock, valued at approximately $780,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Northern Trust Corp grew its position 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 valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the period. Goldman Sachs Group Inc. grew its position in shares of NextEra Energy by 6.7% in the first 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 during the period. GQG Partners LLC grew its position in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 20.7% in the first 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. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.8220 during trading hours on Tuesday, reaching $76.5420. 8,046,120 shares of the stock were exchanged, compared to its average volume of 9,502,599. The firm's 50 day moving average is $72.90 and its 200 day moving average is $70.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market cap of $157.62 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.61 and a beta of 0.63. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

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 analysts' consensus estimates 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 net margin of 22.84% and a return on equity of 12.31%. The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NEE shares. 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. HSBC reduced their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.