Dimensional Fund Advisors LP Has $315.53 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Dimensional Fund Advisors LP increased its holdings in NextEra Energy by 1.9%, now owning 4,451,145 shares valued at approximately $315.53 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, representing a yield of 3.0% and a payout ratio of 79.37%.
• Despite reporting a beating earnings per share of $1.05, NextEra Energy's revenue fell short of expectations at $6.70 billion, compared to a consensus estimate of $7.52 billion.

Dimensional Fund Advisors LP lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,451,145 shares of the utilities provider's stock after acquiring an additional 82,710 shares during the quarter. Dimensional Fund Advisors LP owned 0.22% of NextEra Energy worth $315,530,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Cim LLC grew its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares during the last quarter. Conning Inc. boosted its position in shares of NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after buying an additional 160 shares during the period. Wealth Dimensions Group Ltd. boosted its position in shares of NextEra Energy by 4.3% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after buying an additional 161 shares during the period. Premier Path Wealth Partners LLC boosted its position in shares of NextEra Energy by 0.7% during the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after buying an additional 166 shares during the period. Finally, Opal Wealth Advisors LLC boosted its position in shares of NextEra Energy by 2.9% during the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after buying an additional 168 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NEE shares. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. 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. 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. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.42.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on 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 sale, the treasurer 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 disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.8220 on Tuesday, reaching $76.5420. 8,046,120 shares of the company traded hands, compared to its average volume of 9,502,599. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company's 50 day moving average is $72.90 and its 200-day moving average is $70.68. The stock has a market capitalization of $157.62 billion, a PE ratio of 26.76, a P/E/G ratio of 2.61 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The company's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

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.