MassMutual Private Wealth & Trust FSB Has $20.82 Million Stake in NextEra Energy, Inc. $NEE

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in NextEra Energy by 4.8%, owning 299,846 shares valued at approximately $20.82 million as of the end of the last quarter.
• Various hedge funds have notably increased their positions in NextEra Energy, with GQG Partners LLC boosting their stake by 58.4%, now holding shares worth about $1.22 billion.
• NextEra Energy's recent quarterly earnings showed a profit of $1.05 per share, exceeding analysts' estimates, although revenue was below expectations at $6.70 billion.

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,846 shares of the utilities provider's stock after buying an additional 13,684 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in NextEra Energy were worth $20,815,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NEE. GQG Partners LLC increased its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Two Sigma Advisers LP acquired a new position in NextEra Energy during the fourth quarter worth $240,269,000. Charles Schwab Investment Management Inc. increased its position in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the last quarter. Amundi increased its position in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after buying an additional 2,657,438 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after buying an additional 2,429,804 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Barclays raised their price target 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. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.00.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction 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 of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock worth $1,476,245 over the last quarter. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $71.54 on Tuesday. The firm has a market cap of $147.32 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.47 and a beta of 0.65. The company has a 50 day moving average of $73.03 and a 200-day moving average of $71.08. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

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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