Haverford Trust Co Increases Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Haverford Trust Co increased its holdings in NextEra Energy by 10.1%, now owning approximately 1.3% of the company with a total investment valued at around $126 million.
• Several hedge funds, including Somerset Trust Co and Viking Fund Management, have also increased their positions, indicating a growing interest in NextEra Energy among institutional investors.
• NextEra Energy recently reported $1.05 EPS, exceeding expectations, alongside a declared quarterly dividend of $0.5665 scheduled for payment on September 15th.

Haverford Trust Co grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,777,747 shares of the utilities provider's stock after buying an additional 163,225 shares during the quarter. NextEra Energy accounts for approximately 1.3% of Haverford Trust Co's holdings, making the stock its 26th biggest holding. Haverford Trust Co owned 0.09% of NextEra Energy worth $126,025,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Somerset Trust Co increased its position in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after buying an additional 4,445 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of NextEra Energy in the first quarter valued at $783,000. Viking Fund Management LLC increased its position in shares of NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after buying an additional 200,000 shares in the last quarter. Trust Co. of Vermont increased its position in shares of NextEra Energy by 2.2% in the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after buying an additional 8,472 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after buying an additional 5,949 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE stock opened at $76.2270 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock's 50 day moving average is $73.04 and its two-hundred day moving average is $70.79. The company has a market capitalization of $156.97 billion, a PE ratio of 26.65, a P/E/G ratio of 2.62 and a beta of 0.63.

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, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the business earned $0.96 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NEE shares. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group reduced their price objective on 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 assumed coverage on NextEra Energy in a research note on Wednesday. They issued a "buy" rating and a $77.00 price objective on the stock. Finally, Barclays boosted their price target on 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 research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.23.

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.

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