Federation des caisses Desjardins du Quebec Purchases 12,875 Shares of NextEra Energy, Inc. $NEE

Key Points

• Federation des caisses Desjardins du Quebec has increased its holdings in NextEra Energy, Inc. by 4.2%, bringing its total to 320,093 shares valued at approximately $22.7 million.
• NextEra Energy's stock is currently trading at $72.62, with a 52-week high of $86.10 and a dividend yield of 3.1% announced for a quarterly payout of $0.5665 per share.
• Analysts have generally rated NextEra Energy positively, with a consensus price target of $84.00 and numerous strong buy and buy ratings amid expectations of continued growth.

Federation des caisses Desjardins du Quebec grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 320,093 shares of the utilities provider's stock after acquiring an additional 12,875 shares during the period. Federation des caisses Desjardins du Quebec's holdings in NextEra Energy were worth $22,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. IMA Advisory Services Inc. acquired a new position in NextEra Energy during the 1st quarter valued at about $35,000. Copia Wealth Management bought a new stake in NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC raised its stake in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy during the 1st quarter worth about $40,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in NextEra Energy by 543.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider's stock worth $41,000 after acquiring an additional 489 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.0%

NEE traded down $0.02 during mid-day trading on Friday, reaching $70.85. 10,065,510 shares of the stock were exchanged, compared to its average volume of 9,558,087. The company has a 50 day moving average price of $73.27 and a two-hundred day moving average price of $71.06. 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 capitalization of $145.90 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for 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 firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's dividend payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. HSBC decreased 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. JPMorgan Chase & Co. increased their price objective 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, Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares of the company's stock, 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 through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

About NextEra Energy

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.