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Impax Asset Management Group plc Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

NextEra Energy logo with Utilities background

Impax Asset Management Group plc boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,562 shares of the utilities provider's stock after acquiring an additional 5,156 shares during the quarter. Impax Asset Management Group plc's holdings in NextEra Energy were worth $2,663,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in NextEra Energy in the fourth quarter valued at approximately $3,484,197,000. Boston Partners bought a new stake in NextEra Energy in the fourth quarter valued at approximately $244,169,000. Two Sigma Advisers LP bought a new stake in NextEra Energy in the fourth quarter valued at approximately $240,269,000. Amundi raised its stake in NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after buying an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System raised its stake in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after buying an additional 2,517,369 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEE. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Barclays reduced their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Guggenheim reiterated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.55.

Get Our Latest Stock Analysis on NEE

NextEra Energy Trading Up 1.8%

Shares of NEE stock traded up $1.32 during mid-day trading on Wednesday, hitting $73.78. The company's stock had a trading volume of 5,662,733 shares, compared to its average volume of 11,108,932. The company's fifty day simple moving average is $70.90 and its 200-day simple moving average is $70.19. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market cap of $151.89 billion, a PE ratio of 27.63, a P/E/G ratio of 2.63 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 85.02%.

NextEra Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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