NextEra Energy, Inc. $NEE Holdings Raised by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its holdings in NextEra Energy, Inc. by 2.6% in Q1, owning 619,732 shares valued at approximately $43.93 million.
• NextEra Energy recently declared a $0.5665 quarterly dividend, yielding 3.1%, with a payout ratio of 79.37%.
• The company's latest earnings report showed an EPS of $1.05, exceeding analyst expectations of $1.01, with revenues reaching $6.70 billion.

Energy Income Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 619,732 shares of the utilities provider's stock after purchasing an additional 15,872 shares during the quarter. Energy Income Partners LLC's holdings in NextEra Energy were worth $43,933,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NEE. IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the 1st quarter worth approximately $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC increased its stake in shares of NextEra Energy by 237.7% in the 1st 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 during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth $40,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of NextEra Energy by 543.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider's stock worth $41,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the treasurer owned 27,662 shares of the company's stock, valued at $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. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 1.0%

NYSE NEE traded down $0.74 during trading hours on Thursday, hitting $70.89. 14,573,801 shares of the company's stock were exchanged, compared to its average volume of 11,750,765. The business's 50 day moving average is $73.28 and its 200-day moving average is $71.01. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $145.98 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company 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 company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's payout ratio is currently 79.37%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NEE shares. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

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.