NextEra Energy, Inc. $NEE Shares Bought by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe S.A. increased its stake in NextEra Energy by 94.8%, acquiring a total of 66,894 shares worth $4.64 million after a purchase of 32,553 shares in the second quarter.
• NextEra Energy's recent earnings report showed a profit of $1.05 earnings per share, surpassing estimates, but its revenue was below projections at $6.70 billion.
• The company declared a quarterly dividend of $0.5665 per share, yielding 3.2% annually, showing strong returns for its stockholders.

Quintet Private Bank Europe S.A. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 94.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 66,894 shares of the utilities provider's stock after purchasing an additional 32,553 shares during the period. Quintet Private Bank Europe S.A.'s holdings in NextEra Energy were worth $4,644,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy during the first quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy during the first quarter valued at $35,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy during the fourth quarter valued at $36,000. Finally, Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on NEE. Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. HSBC decreased their price objective 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. Barclays increased their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Performance

NYSE NEE opened at $71.66 on Monday. The business's 50-day moving average price is $73.10 and its 200 day moving average price is $71.07. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a market capitalization of $147.57 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

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, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was 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 in the company, 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 have sold a total of 19,677 shares of company stock worth $1,415,418 in the last three months. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Company 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.

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