NextEra Energy, Inc. (NYSE:NEE) Position Raised by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,293 shares of the utilities provider's stock after buying an additional 22,137 shares during the quarter. NextEra Energy comprises about 3.7% of Ausbil Investment Management Ltd's holdings, making the stock its 7th largest position. Ausbil Investment Management Ltd's holdings in NextEra Energy were worth $5,763,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC bought a new position in NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy during the fourth quarter worth $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0%

NextEra Energy stock traded down $0.71 during trading on Monday, hitting $70.82. 8,669,397 shares of the company were exchanged, compared to its average volume of 10,984,924. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $145.79 billion, a P/E ratio of 26.52, a PEG ratio of 2.52 and a beta of 0.68. The business's 50 day moving average is $69.57 and its 200 day moving average is $70.24. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the firm earned $0.91 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $84.50.

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.