NextEra Energy, Inc. $NEE Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its holdings in NextEra Energy, Inc. by 6.5%, owning 503,202 shares valued at approximately $34.93 million as of its latest SEC filing.
• Recent transactions by executives showed insiders sold a total of 20,523 shares worth around $1.48 million, reflecting a decrease in their ownership positions.
• NextEra Energy reported a quarterly earnings per share (EPS) of $1.05, beating analyst estimates, while the company's revenue was $6.70 billion, falling short of expectations.

Czech National Bank grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 503,202 shares of the utilities provider's stock after acquiring an additional 30,878 shares during the period. Czech National Bank's holdings in NextEra Energy were worth $34,932,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tradition Wealth Management LLC grew its position in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after acquiring an additional 143 shares in the last quarter. Cim LLC raised its stake in NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares during the last quarter. Conning Inc. raised its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after buying an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of NextEra Energy by 0.7% in the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after buying an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its holdings in shares of NextEra Energy by 2.9% in the 1st quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president owned 10,113 shares in the company, valued at $727,124.70. The trade was a 7.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,523 shares of company stock worth $1,476,245 over the last quarter. Company insiders own 0.18% of the company's stock.

NextEra Energy Trading Down 0.1%

Shares of NYSE:NEE opened at $71.54 on Tuesday. The company has a market cap of $147.32 billion, a P/E ratio of 25.01, a PEG ratio of 2.47 and a beta of 0.65. 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, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock's fifty day moving average price is $73.03 and its 200-day moving average price is $71.08.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 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 analysts' expectations of $7.52 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. Melius started coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target on the stock. UBS Group reduced their price objective 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. Finally, Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.00.

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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