NextEra Energy, Inc. $NEE Shares Bought by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its holdings in NextEra Energy by 6.9% during Q2, now owning 116,943 shares valued at approximately $8.1 million.
• NextEra Energy reported $1.05 EPS for Q2, exceeding analysts' expectations, but its revenue was lower than projected at $6.70 billion.
• The company declared a quarterly dividend of $0.5665 per share, with a dividend yield of 2.7% and a payout ratio of 79.02%.

Generali Asset Management SPA SGR lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,943 shares of the utilities provider's stock after acquiring an additional 7,509 shares during the quarter. Generali Asset Management SPA SGR's holdings in NextEra Energy were worth $8,118,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Essex LLC grew its stake in NextEra Energy by 19.0% during the 2nd quarter. Essex LLC now owns 5,080 shares of the utilities provider's stock valued at $353,000 after purchasing an additional 811 shares in the last quarter. Granite Group Advisors LLC boosted its stake in shares of NextEra Energy by 4.8% during the 2nd quarter. Granite Group Advisors LLC now owns 37,575 shares of the utilities provider's stock valued at $2,608,000 after buying an additional 1,734 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of NextEra Energy by 10.2% during the second quarter. Ritholtz Wealth Management now owns 35,039 shares of the utilities provider's stock worth $2,432,000 after buying an additional 3,255 shares in the last quarter. Triton Wealth Management PLLC bought a new stake in shares of NextEra Energy in the second quarter worth $640,000. Finally, Courier Capital LLC increased its stake in shares of NextEra Energy by 6.6% in the second quarter. Courier Capital LLC now owns 22,253 shares of the utilities provider's stock worth $1,545,000 after buying an additional 1,379 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.4%

NYSE:NEE opened at $84.67 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $74.74 and a 200-day moving average of $71.94. The firm has a market capitalization of $174.37 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio is currently 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred 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 sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of NextEra Energy in a report on Tuesday. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. New Street Research set a $84.00 price target on NextEra Energy in a research note on Monday. Jefferies Financial Group restated a "hold" rating and set a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday. Finally, BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.57.

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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