NextEra Energy, Inc. $NEE Stock Holdings Lifted by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in NextEra Energy by 97.3%, owning 83,988 shares valued at approximately $5.95 million.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, yielding about 3.1%, with the ex-dividend date set for August 28th.
• Analysts have set a consensus rating of "Moderate Buy" for NextEra Energy, with an average price target of $84.42.

Vestmark Advisory Solutions Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 97.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,988 shares of the utilities provider's stock after acquiring an additional 41,424 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in NextEra Energy were worth $5,954,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Northern Trust Corp raised its stake in shares of NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after buying an additional 1,336,259 shares in the last quarter. GQG Partners LLC raised its stake in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after buying an additional 2,815,629 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NEE shares. Melius assumed coverage on NextEra Energy in a report on Wednesday. They issued a "buy" rating and a $77.00 price target on the stock. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. 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. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company cut their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $83.85.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was 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. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded down $0.64 during midday trading on Wednesday, reaching $75.87. The company had a trading volume of 2,442,887 shares, compared to its average volume of 11,852,395. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average price of $72.90 and a 200 day moving average price of $70.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a market capitalization of $156.24 billion, a PE ratio of 26.59, a P/E/G ratio of 2.61 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during 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%.NextEra Energy's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

NextEra Energy 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.