Mn Services Vermogensbeheer B.V. Acquires 12,300 Shares of NextEra Energy, Inc. $NEE

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in NextEra Energy by 3.4%, acquiring an additional 12,300 shares, bringing its total holdings to 374,628 shares valued at approximately $26 million.
• NextEra Energy recently reported $1.05 earnings per share for the latest quarter, exceeding expectations, though revenue fell short of analyst estimates at $6.70 billion.
• The company announced a quarterly dividend of $0.5665 per share, translating to an annualized yield of 3.2%, with a payout ratio of 79.37%.

Mn Services Vermogensbeheer B.V. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 374,628 shares of the utilities provider's stock after purchasing an additional 12,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in NextEra Energy were worth $26,007,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Somerset Trust Co lifted its holdings in NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares in the last quarter. Avity Investment Management Inc. increased its stake in NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock worth $35,162,000 after acquiring an additional 8,565 shares during the last quarter. Integrity Alliance LLC. increased its stake in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock worth $1,779,000 after acquiring an additional 7,401 shares during the last quarter. Elyxium Wealth LLC bought a new stake in NextEra Energy in the 1st quarter worth approximately $783,000. Finally, Czech National Bank increased its stake in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock worth $34,932,000 after acquiring an additional 30,878 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the 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 completion of the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's 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 sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,523 shares of company stock valued at $1,476,245. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NEE. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They set 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 given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.25 during trading hours on Friday, reaching $71.04. The stock had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. The firm has a market cap of $146.29 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.45 and a beta of 0.65. 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 fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a 50-day moving average of $72.77 and a 200-day moving average of $71.06.

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 analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.96 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts predict 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 was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given 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 3.2%. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

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.