GQG Partners LLC Has $1.22 Billion Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• GQG Partners LLC increased its holdings in NextEra Energy by 58.4%, acquiring over 6.35 million shares, bringing its total ownership to approximately 17.24 million shares.
• NextEra Energy's stock has been rated a "Moderate Buy" by analysts, with price targets ranging from $67.00 to $94.00.
• The company reported $1.05 earnings per share for the last quarter, exceeding analysts' expectations, along with a declared dividend of $0.5665 to be paid on September 15th.

GQG Partners LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 58.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,236,502 shares of the utilities provider's stock after purchasing an additional 6,352,798 shares during the quarter. NextEra Energy makes up 1.9% of GQG Partners LLC's portfolio, making the stock its 20th largest holding. GQG Partners LLC owned about 0.84% of NextEra Energy worth $1,221,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of NextEra Energy by 6.5% during 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 last quarter. Townsquare Capital LLC lifted its position in shares of NextEra Energy by 5.4% during the 4th quarter. Townsquare Capital LLC now owns 49,185 shares of the utilities provider's stock valued at $3,526,000 after acquiring an additional 2,539 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of NextEra Energy by 12.3% during the 4th quarter. CreativeOne Wealth LLC now owns 29,885 shares of the utilities provider's stock valued at $2,142,000 after acquiring an additional 3,277 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of NextEra Energy by 6.4% during the 4th quarter. Guggenheim Capital LLC now owns 574,794 shares of the utilities provider's stock valued at $41,207,000 after acquiring an additional 34,576 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction 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. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 4.4%

NextEra Energy stock traded up $3.16 during mid-day trading on Friday, hitting $75.40. 23,396,505 shares of the company's stock were exchanged, compared to its average volume of 8,521,072. 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 stock has a market cap of $155.27 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a 50 day moving average of $72.75 and a two-hundred day moving average of $70.61.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

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.