NextEra Energy, Inc. $NEE Stock Position Raised by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its investment in NextEra Energy by 2,176.2%, acquiring a total of 871,655 shares worth approximately $61.79 million.
• Despite a quarterly earnings report beating analysts' expectations with an EPS of $1.05, NextEra Energy's revenue fell short, coming in at $6.70 billion against estimates of $7.52 billion.
• The company recently announced a $0.5665 per share dividend, reflecting a 3.0% yield, with a payout ratio of 79.37%.

Caisse DE Depot ET Placement DU Quebec grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2,176.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 871,655 shares of the utilities provider's stock after purchasing an additional 833,361 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in NextEra Energy were worth $61,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth about $30,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth about $35,000. Copia Wealth Management purchased a new position in NextEra Energy in the fourth quarter worth about $36,000. CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in NextEra Energy in the first quarter worth about $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 0.1%

Shares of NextEra Energy stock traded down $0.06 during trading on Friday, hitting $72.03. 11,278,715 shares of the stock were exchanged, compared to its average volume of 11,813,144. The stock has a market cap of $148.34 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. The firm's 50-day moving average price is $73.20 and its 200 day moving average price is $70.93. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. 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 issued its quarterly earnings data 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. 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%.The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Analysts Set New Price Targets

Several research firms recently commented on NEE. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.00.

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.