NextEra Energy, Inc. $NEE Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in NextEra Energy by 21.5%, now holding 291,126 shares valued at approximately $20.27 million.
• Insiders at NextEra Energy sold a total of 32,705 shares worth about $2.45 million over the last three months, with executives reducing their ownership stakes.
• NextEra Energy reported a quarterly EPS of $1.05, surpassing estimates, while its recent dividend yield stands at 2.7%.

Vanguard Personalized Indexing Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 21.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 291,126 shares of the utilities provider's stock after acquiring an additional 51,453 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in NextEra Energy were worth $20,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sovereign Financial Group Inc. lifted its position in NextEra Energy by 3.5% during the 2nd quarter. Sovereign Financial Group Inc. now owns 9,706 shares of the utilities provider's stock worth $674,000 after acquiring an additional 330 shares in the last quarter. Tranquility Partners LLC lifted its position in NextEra Energy by 23.8% during the 2nd quarter. Tranquility Partners LLC now owns 18,013 shares of the utilities provider's stock worth $1,250,000 after acquiring an additional 3,463 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in NextEra Energy by 23.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 149,021 shares of the utilities provider's stock worth $10,345,000 after acquiring an additional 28,435 shares in the last quarter. Matrix Asset Advisors Inc. NY lifted its position in NextEra Energy by 4.5% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 266,053 shares of the utilities provider's stock worth $18,469,000 after acquiring an additional 11,430 shares in the last quarter. Finally, 1858 Wealth Management LLC lifted its position in NextEra Energy by 16.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 6,330 shares of the utilities provider's stock worth $439,000 after acquiring an additional 874 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on 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 sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 over the last three months. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

NEE stock opened at $83.30 on Friday. 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 firm has a market cap of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00. The stock's 50 day simple moving average is $74.20 and its 200 day simple moving average is $71.74.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for 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 was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 annualized dividend and a yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NextEra Energy in a research report on Saturday, September 27th. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. Finally, HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $85.08.

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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