IFM Investors Pty Ltd Purchases 17,331 Shares of NextEra Energy, Inc. $NEE

Key Points

• IFM Investors Pty Ltd increased its stake in NextEra Energy, Inc. by 3.5% during Q2, now holding 518,268 shares valued at approximately $35.98 million.
• Multiple institutional investors have recently adjusted their positions in NextEra Energy, leading to an overall institutional ownership of 78.72% in the company.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 3.2% and a payout ratio of 79.37%.

IFM Investors Pty Ltd grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 518,268 shares of the utilities provider's stock after acquiring an additional 17,331 shares during the period. IFM Investors Pty Ltd's holdings in NextEra Energy were worth $35,978,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Arkfeld Wealth Strategies L.L.C. increased its holdings in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Tradition Wealth Management LLC increased its stake in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after buying an additional 143 shares during the period. Cim LLC increased its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after buying an additional 158 shares during the period. Conning Inc. increased its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after buying an additional 160 shares during the period. Finally, Moody National Bank Trust Division increased its stake in shares of NextEra Energy by 0.5% in the 2nd quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider's stock valued at $2,253,000 after buying an additional 164 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. 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 report on Friday, August 22nd. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

Insiders Place Their Bets

In other news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $71.90, for a total value of $60,827.40. Following the sale, the executive vice president directly owned 10,113 shares in the company, valued at $727,124.70. The trade was a 7.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,523 shares of company stock valued at $1,476,245. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 0.4%

NEE stock traded up $0.25 during midday trading on Friday, hitting $71.04. 14,817,505 shares of the company's stock were exchanged, compared to its average volume of 9,176,082. The stock's fifty day moving average price is $72.77 and its 200-day moving average price is $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 company has a market cap of $146.29 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's payout ratio is currently 79.02%.

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.