NextEra Energy, Inc. $NEE Position Increased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in NextEra Energy by 10.2% during the first quarter, acquiring a total of 40,392 shares valued at approximately $2.86 million.
• Other institutional investors, including Somerset Trust Co and Viking Fund Management, also boosted their holdings in NextEra Energy, reflecting strong investor interest as 78.72% of the stock is owned by institutional investors.
• NextEra Energy recently announced a quarterly dividend of $0.5665, which will represent an annualized dividend of $2.27 and a dividend yield of 3.2%.

Intech Investment Management LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,392 shares of the utilities provider's stock after acquiring an additional 3,738 shares during the quarter. Intech Investment Management LLC's holdings in NextEra Energy were worth $2,863,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Somerset Trust Co raised its stake in shares of NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after buying an additional 4,445 shares during the period. Integrity Alliance LLC. grew its holdings in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after buying an additional 7,401 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of NextEra Energy during the 1st quarter worth $783,000. Focus Partners Wealth grew its holdings in shares of NextEra Energy by 28.6% during the 1st quarter. Focus Partners Wealth now owns 882,487 shares of the utilities provider's stock worth $62,560,000 after purchasing an additional 196,172 shares during the period. Finally, Viking Fund Management LLC grew its holdings in shares of NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Barclays raised 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 price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five 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 $84.00.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.25 during trading on Friday, reaching $71.04. The company had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a market capitalization of $146.29 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The stock has a 50-day moving average price of $72.77 and a two-hundred day moving average price of $71.06. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio is presently 79.37%.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president directly owned 10,113 shares of the company's stock, valued at $727,124.70. This trade represents a 7.72% 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 worth $1,476,245. 0.20% of the stock is owned by insiders.

About NextEra Energy

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.