Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Purchases 17,960 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its stake in NextEra Energy, acquiring 17,960 shares during the first quarter, bringing its total holdings to 107,913 shares valued at approximately $7.6 million.
• NextEra Energy has seen significant backing from several institutional investors, with 78.72% of its stock owned by such entities, highlighting robust institutional interest in the company.
• The company announced a quarterly dividend of $0.5665 per share, which translates to an annual yield of 3.15% and a dividend payout ratio of 85.02%.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,913 shares of the utilities provider's stock after acquiring an additional 17,960 shares during the period. NextEra Energy makes up approximately 1.9% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's investment portfolio, making the stock its 16th largest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in NextEra Energy were worth $7,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Geode Capital Management LLC boosted its stake in NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the period. Northern Trust Corp raised its position in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after buying an additional 1,707,933 shares during the last quarter. Schroder Investment Management Group lifted its stake in NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after acquiring an additional 2,499,011 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the subject of a number of analyst reports. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. 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. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Trading Down 0.2%

Shares of NextEra Energy stock opened at $71.83 on Friday. The company has a market capitalization of $147.92 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.53 and a beta of 0.67. The business has a fifty day simple moving average of $72.23 and a two-hundred day simple moving average of $70.43. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

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 the consensus estimate of $1.01 by $0.04. The business 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 firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on 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 of the company's stock, 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. Corporate insiders own 0.20% of the company's stock.

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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