NextEra Energy, Inc. $NEE Stock Position Raised by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in NextEra Energy, Inc. by 13.5% in Q2, owning 39,380 shares worth approximately $2.73 million at the end of the quarter.
• Insiders have sold a total of 20,523 shares of NextEra Energy in the last ninety days, including sales by Treasurer James Michael May and EVP Michael Dunne.
• NextEra Energy reported $1.05 earnings per share for the last quarter, exceeding analysts' expectations, and is projected to have a consensus target price of $84 among Wall Street analysts.

GAMMA Investing LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,380 shares of the utilities provider's stock after acquiring an additional 4,699 shares during the quarter. GAMMA Investing LLC's holdings in NextEra Energy were worth $2,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted 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 buying an additional 298 shares during the period. Forum Financial Management LP raised its stake in NextEra Energy by 46.6% in the fourth quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider's stock valued at $714,000 after buying an additional 3,164 shares in the last quarter. Putney Financial Group LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $432,000. Finally, Ascent Group LLC lifted its position in NextEra Energy by 4.5% in the fourth quarter. Ascent Group LLC now owns 53,652 shares of the utilities provider's stock valued at $3,846,000 after acquiring an additional 2,298 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NEE shares. HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Finally, Barclays increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president owned 10,113 shares of the company's stock, valued at approximately $727,124.70. This trade represents a 7.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,523 shares of company stock valued at $1,476,245. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $1.23 during midday trading on Monday, reaching $72.31. 9,850,601 shares of the stock traded hands, compared to its average volume of 9,260,582. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 firm has a market cap of $148.91 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.45 and a beta of 0.65. The firm has a fifty day moving average price of $72.71 and a two-hundred day moving average price of $71.07.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 12.31% and a net margin of 22.84%.The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.1%. NextEra Energy's dividend payout ratio is currently 79.37%.

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.