NextEra Energy, Inc. $NEE Shares Acquired by Electron Capital Partners LLC

Key Points

• Electron Capital Partners LLC increased its stake in NextEra Energy by 2.2%, owning 894,782 shares worth approximately $63.43 million, making it the firm's 10th largest position.
• Multiple institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also recently boosted their stakes in NextEra Energy, reflecting strong interest in the stock.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, yielding an annualized dividend of 3.2%, with the payout ratio currently at 79.37%.

Electron Capital Partners LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 894,782 shares of the utilities provider's stock after acquiring an additional 19,252 shares during the period. NextEra Energy comprises approximately 4.2% of Electron Capital Partners LLC's holdings, making the stock its 10th biggest holding. Electron Capital Partners LLC's holdings in NextEra Energy were worth $63,431,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NEE. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 298 shares during the period. Brown Advisory Inc. raised its stake in shares of NextEra Energy by 3.1% in the 4th quarter. Brown Advisory Inc. now owns 236,242 shares of the utilities provider's stock valued at $16,936,000 after acquiring an additional 7,022 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $1,051,000. Finally, BOKF NA raised its stake in shares of NextEra Energy by 7.4% in the 4th quarter. BOKF NA now owns 108,276 shares of the utilities provider's stock valued at $7,296,000 after acquiring an additional 7,501 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy 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 of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Down 1.5%

NEE stock traded down $1.09 during mid-day trading on Monday, hitting $69.81. 12,593,005 shares of the company were exchanged, compared to its average volume of 11,781,246. The company has a market capitalization of $143.75 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a fifty day simple moving average of $73.27 and a 200 day simple moving average of $71.07.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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 issued a dividend of $0.5665 per share. 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 dividend payout ratio (DPR) is currently 79.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target for the company. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.