FourThought Financial Partners LLC Has $24.34 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• FourThought Financial Partners LLC has increased its stake in NextEra Energy by 4% during the first quarter, bringing their total shares to 343,296, making it their 5th largest holding worth approximately $24.34 million.
• NextEra Energy's stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $84.42, despite fluctuations in individual ratings from various research firms.
• The company recently announced a quarterly dividend of $0.5665 per share, representing an annualized payout of $2.27 and a yield of 3.15%, with the dividend to be paid on September 15th.

FourThought Financial Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 343,296 shares of the utilities provider's stock after buying an additional 13,074 shares during the period. NextEra Energy accounts for approximately 2.5% of FourThought Financial Partners LLC's holdings, making the stock its 5th biggest position. FourThought Financial Partners LLC's holdings in NextEra Energy were worth $24,336,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after acquiring an additional 1,359,268 shares in the last quarter. Northern Trust Corp raised its position in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NextEra Energy by 15.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock worth $926,358,000 after buying an additional 1,707,933 shares during the period. Schroder Investment Management Group raised its holdings in NextEra Energy by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after buying an additional 2,499,011 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NEE. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. UBS Group dropped their target price 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, Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Stock Up 0.9%

Shares of NEE traded up $0.62 during trading hours on Tuesday, reaching $71.96. The stock had a trading volume of 7,584,512 shares, compared to its average volume of 12,237,333. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a 50-day simple moving average of $72.19 and a 200 day simple moving average of $70.46. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.48 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 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 analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. NextEra Energy's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the company's 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 sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% 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.

NextEra Energy Company 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.