NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Meeder Asset Management Inc.

Key Points

• Meeder Asset Management Inc. increased its position in NextEra Energy, Inc. by 658.5% during the first quarter, acquiring a total of 46,368 shares valued at approximately $3.29 million.
• NextEra Energy reported a quarterly earnings per share of $1.05, exceeding analysts' expectations, despite having revenues that fell short of estimates at $6.70 billion.
• The company declared a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 3.18% and a payout ratio of 79.37%.

Meeder Asset Management Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 658.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,368 shares of the utilities provider's stock after acquiring an additional 40,255 shares during the quarter. Meeder Asset Management Inc.'s holdings in NextEra Energy were worth $3,287,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NEE. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its holdings 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 worth $348,000 after acquiring an additional 298 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $193,000. Arrowstreet Capital Limited Partnership acquired a new position in NextEra Energy during the 4th quarter valued at about $26,588,000. Finally, Summit Securities Group LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $83,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NEE has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Barclays increased their price target 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. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was 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 of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock valued at $2,365,398 over the last ninety days. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

NYSE NEE traded up $0.62 on Tuesday, hitting $71.96. 7,585,984 shares of the company traded hands, compared to its average volume of 10,389,966. The business's 50 day moving average price is $72.14 and its 200-day moving average price is $70.47. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a market capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.46 and a beta of 0.67. 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 issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) 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 firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business 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 dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy's payout ratio is currently 79.37%.

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.