Iyo Bank Ltd. Buys 26,700 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Iyo Bank Ltd. increased its holdings in NextEra Energy by 150.4%, owning 44,450 shares valued at approximately $3.15 million as of its latest SEC filing.
• NextEra Energy reported earnings per share of $1.05 for the last quarter, exceeding analyst estimates of $1.01, despite revenue falling short of expectations at $6.70 billion.
• The company declared a quarterly dividend of $0.5665, with a payout ratio of 79.37% and a current yield of 3.1%, to be paid on September 15th.

Iyo Bank Ltd. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 150.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,450 shares of the utilities provider's stock after acquiring an additional 26,700 shares during the period. Iyo Bank Ltd.'s holdings in NextEra Energy were worth $3,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the period. Townsquare Capital LLC boosted its position in shares of NextEra Energy by 5.4% in the 4th quarter. Townsquare Capital LLC now owns 49,185 shares of the utilities provider's stock valued at $3,526,000 after purchasing an additional 2,539 shares during the period. Bragg Financial Advisors Inc boosted its position in NextEra Energy by 15.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 80,489 shares of the utilities provider's stock worth $5,770,000 after acquiring an additional 10,519 shares during the period. Finally, Savvy Advisors Inc. boosted its position in NextEra Energy by 23.7% during the 4th quarter. Savvy Advisors Inc. now owns 12,010 shares of the utilities provider's stock worth $861,000 after acquiring an additional 2,302 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE traded up $3.16 during trading on Friday, hitting $75.40. The company's stock had a trading volume of 23,393,461 shares, compared to its average volume of 11,932,019. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market cap of $155.27 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. The firm has a 50 day moving average price of $72.69 and a 200 day moving average price of $70.58. 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 (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm earned $0.96 EPS. NextEra Energy's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the business'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 sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction 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 transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NEE shares. HSBC cut their price target 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. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. UBS Group cut 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. Finally, Erste Group Bank downgraded 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 eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

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.