Mirova US LLC Acquires 71,705 Shares of NextEra Energy, Inc. $NEE

Key Points

• Mirova US LLC increased its holdings in NextEra Energy, Inc. by 1.8%, acquiring an additional 71,705 shares, bringing its total ownership to approximately 3,991,191 shares valued at $277.07 million.
• Several analysts adjusted their price targets for NextEra Energy, with HSBC lowering it to $86.00 and JPMorgan raising it to $87.00, reflecting a range of ratings including a consensus rating of "Moderate Buy."
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 2.7% and a dividend payout ratio of 79.37%.

Mirova US LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,991,191 shares of the utilities provider's stock after purchasing an additional 71,705 shares during the period. NextEra Energy comprises 2.9% of Mirova US LLC's portfolio, making the stock its 16th biggest holding. Mirova US LLC owned about 0.19% of NextEra Energy worth $277,068,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $35,000. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NEE shares. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, BMO Capital Markets raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.08.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock valued at $2,446,490. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $83.28 on Wednesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The firm has a fifty day moving average of $73.43 and a two-hundred day moving average of $71.44. 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 capitalization of $171.50 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.83 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 analyst estimates of $7.52 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy's dividend payout ratio is presently 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.

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