NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Motco

Key Points

• Motco increased its stake in NextEra Energy by 4.1%, owning 114,983 shares, valued at approximately $8.15 million as of the last reporting period.
• Several institutional investors, including Geode Capital Management and California Public Employees Retirement System, have significantly increased their positions in NextEra Energy, highlighting strong institutional interest.
• NextEra Energy reported earnings of $1.05 per share, exceeding consensus estimates, but noted revenue of $6.70 billion fell short of analyst expectations of $7.52 billion.

Motco increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,983 shares of the utilities provider's stock after buying an additional 4,498 shares during the quarter. Motco's holdings in NextEra Energy were worth $8,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the period. Northern Trust Corp lifted its position in shares of NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after acquiring an additional 1,707,933 shares in the last quarter. Schroder Investment Management Group raised its holdings in NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after acquiring an additional 2,499,011 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,361 shares of company stock valued at $2,365,398. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Down 0.2%

NYSE:NEE traded down $0.17 during trading hours on Wednesday, reaching $71.78. The company's stock had a trading volume of 1,981,879 shares, compared to its average volume of 12,165,113. The stock has a 50 day moving average price of $72.14 and a two-hundred day moving average price of $70.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market capitalization of $147.81 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 2.46 and a beta of 0.67.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. NextEra Energy's dividend payout ratio is presently 79.02%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NEE shares. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $84.42.

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.