Edmond DE Rothschild Holding S.A. Purchases 122,393 Shares of NextEra Energy, Inc. $NEE

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in NextEra Energy, Inc. by 23.4%, acquiring an additional 122,393 shares during the first quarter, bringing its total to 645,312 shares worth approximately $45.7 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, representing a 3.2% dividend yield and a payout ratio of 79.37%.
• NextEra Energy reported $1.05 EPS for the recent quarter, exceeding estimates, with revenue of $6.70 billion, though below analyst projections of $7.52 billion.

Edmond DE Rothschild Holding S.A. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 645,312 shares of the utilities provider's stock after purchasing an additional 122,393 shares during the period. NextEra Energy accounts for 0.8% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 29th largest position. Edmond DE Rothschild Holding S.A.'s holdings in NextEra Energy were worth $45,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tradition Wealth Management LLC increased its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after buying an additional 143 shares during the last quarter. Cim LLC increased its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares during the last quarter. Conning Inc. increased its holdings in shares of NextEra Energy by 1.1% in the 1st 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 last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of NextEra Energy by 0.7% in the 1st 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 last quarter. Finally, Opal Wealth Advisors LLC increased its holdings in shares of NextEra Energy by 2.9% in the 1st 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 last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity

In other news, 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 sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business'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 sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 1.5%

NextEra Energy stock traded down $1.09 during trading hours on Monday, hitting $69.81. The company had a trading volume of 12,593,005 shares, compared to its average volume of 11,781,246. The firm has a market cap of $143.75 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a 50-day moving average price of $73.27 and a two-hundred day moving average price of $71.07.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data 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 company 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 firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NEE. Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.