Metis Global Partners LLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Metis Global Partners LLC increased its stake in NextEra Energy by 16.1%, acquiring an additional 28,929 shares, resulting in a total holding of 208,408 shares valued at approximately $14.77 million.
• NextEra Energy reported an earnings per share (EPS) of $1.05 for the last quarter, exceeding expectations by $0.04, but revenue fell short of estimates at $6.70 billion.
• The company declared a quarterly dividend of $0.5665, translating to an annual yield of 3.15%, with the ex-dividend date set for August 28th.

Metis Global Partners LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,408 shares of the utilities provider's stock after purchasing an additional 28,929 shares during the period. Metis Global Partners LLC's holdings in NextEra Energy were worth $14,774,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. First National Advisers LLC grew its position in shares of NextEra Energy by 13.1% in the 1st quarter. First National Advisers LLC now owns 95,478 shares of the utilities provider's stock worth $6,769,000 after buying an additional 11,039 shares during the last quarter. TCW Group Inc. grew its position in shares of NextEra Energy by 1.1% in the 1st quarter. TCW Group Inc. now owns 117,101 shares of the utilities provider's stock worth $8,301,000 after buying an additional 1,253 shares during the last quarter. Mitchell Sinkler & Starr PA grew its position in shares of NextEra Energy by 3.2% in the 1st quarter. Mitchell Sinkler & Starr PA now owns 23,241 shares of the utilities provider's stock worth $1,648,000 after buying an additional 720 shares during the last quarter. MRP Capital Investments LLC grew its position in shares of NextEra Energy by 356.3% in the 1st quarter. MRP Capital Investments LLC now owns 1,442 shares of the utilities provider's stock worth $102,000 after buying an additional 1,126 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in shares of NextEra Energy by 25.3% in the 1st quarter. Inspire Advisors LLC now owns 17,500 shares of the utilities provider's stock worth $1,241,000 after buying an additional 3,532 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.9%

Shares of NEE stock traded up $0.62 during mid-day trading on Tuesday, hitting $71.96. The company's stock had a trading volume of 7,585,984 shares, compared to its average volume of 10,389,966. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The business has a 50-day moving average price of $72.19 and a 200 day moving average price of $70.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market cap of $148.19 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.46 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company 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%. NextEra Energy's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value 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. Over the last ninety days, insiders have sold 33,361 shares of company stock worth $2,365,398. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEE. 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 report on Friday, May 23rd. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

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.