Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stock position in NextEra Energy by 20.1%, owning 311,887 shares worth approximately $22.1 million, making it the fund's 16th largest position.
• NextEra Energy reported quarterly earnings of $1.05 per share, surpassing the consensus estimate of $1.01, with a year-over-year revenue increase of 10.4%.
• The company announced a quarterly dividend of $0.5665 per share, set to be paid on September 15th, which represents an annualized dividend yield of 3.15%.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 311,887 shares of the utilities provider's stock after acquiring an additional 52,240 shares during the period. NextEra Energy accounts for 1.8% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's investment portfolio, making the stock its 16th biggest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings in NextEra Energy were worth $22,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Cim LLC raised its stake in NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Conning Inc. lifted its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the period. Wealth Dimensions Group Ltd. boosted its position in shares of NextEra Energy by 4.3% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 161 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after purchasing an additional 166 shares during the period. Finally, Opal Wealth Advisors LLC raised its holdings in NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEE. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Wells Fargo & Company dropped 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. HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Morgan Stanley cut their target price 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Trading Down 0.2%

NextEra Energy stock opened at $71.83 on Friday. The business has a 50-day simple moving average of $72.23 and a two-hundred day simple moving average of $70.43. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a market cap of $147.92 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.53 and a beta of 0.67.

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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the firm earned $0.96 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction 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 owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the 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 completion of 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 disclosure for this sale can be found here. 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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