Natixis Advisors LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Key Points

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Natixis Advisors LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,132,145 shares of the utilities provider's stock after acquiring an additional 191,057 shares during the quarter. Natixis Advisors LLC owned about 0.05% of NextEra Energy worth $80,258,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $193,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $26,588,000. Finally, StoneX Group Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $2,258,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NEE shares. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.42.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,361 shares of company stock valued at $2,365,398 in the last three months. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.65 on Friday, reaching $70.41. 6,627,959 shares of the company traded hands, compared to its average volume of 9,376,540. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a 50 day moving average of $72.26 and a 200 day moving average of $70.52. The firm has a market capitalization of $144.99 billion, a PE ratio of 24.62, a PEG ratio of 2.45 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

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 analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm 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 firm earned $0.96 EPS. The company's revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.02%.

NextEra Energy 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.