Ilmarinen Mutual Pension Insurance Co Raises Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in NextEra Energy, Inc. by 5.9%, owning 359,356 shares valued at $25,475,000 after purchasing an additional 20,000 shares in the first quarter.
• In addition, several institutional investors, including Vanguard Group and Goldman Sachs, also raised their holdings in NextEra Energy, indicating a robust interest from the investment community.
• NextEra Energy's stock recently declared a quarterly dividend of $0.5665 per share, reflecting a 3.2% dividend yield, with a payout ratio of 79.37%.

Ilmarinen Mutual Pension Insurance Co grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,356 shares of the utilities provider's stock after buying an additional 20,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in NextEra Energy were worth $25,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Northern Trust Corp increased its stake in NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after acquiring an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after acquiring an additional 1,336,259 shares during the last quarter. GQG Partners LLC increased its stake in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity

In related news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,677 shares of company stock worth $1,415,418. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 0.4%

Shares of NYSE NEE opened at $70.07 on Wednesday. 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 capitalization of $144.29 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. The stock's fifty day simple moving average is $73.22 and its two-hundred day simple moving average is $71.05. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Analyst Ratings Changes

A number of research firms have issued reports on NEE. Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. HSBC dropped 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 note on Friday, July 11th. Mizuho set a $78.00 price target on NextEra Energy in a research note on Thursday, August 21st. Finally, Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the company 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 given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.00.

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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