NextEra Energy, Inc. (NYSE:NEE) Holdings Boosted by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in NextEra Energy by 160.8% in Q1, making it the firm's 8th largest position, worth approximately $3.14 million.
• NextEra Energy reported earnings per share of $1.05 for the latest quarter, beating analyst estimates, and generated a revenue of $6.70 billion, which was less than expected.
• The company announced a quarterly dividend of $0.5665, illustrating a dividend yield of 3.18%, with a current payout ratio of 79.37%.

GSA Capital Partners LLP grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 160.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,222 shares of the utilities provider's stock after acquiring an additional 27,266 shares during the period. NextEra Energy comprises about 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 8th biggest holding. GSA Capital Partners LLP's holdings in NextEra Energy were worth $3,135,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Bellwether Advisors LLC acquired a new position in NextEra Energy in the fourth quarter worth about $30,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the first quarter worth about $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter worth about $36,000. CBIZ Investment Advisory Services LLC grew its stake in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in NextEra Energy in the first quarter worth about $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE traded down $0.51 during mid-day trading on Friday, reaching $70.55. 4,407,909 shares of the company's stock traded hands, compared to its average volume of 12,120,212. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market capitalization of $145.28 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The business's 50-day moving average price is $72.21 and its 200-day moving average price is $70.50. 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 announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's payout ratio is presently 79.37%.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. UBS Group cut their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Barclays raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Finally, HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.42.

Insider Buying and Selling

In related news, 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 transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% 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 Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,361 shares of company stock valued at $2,365,398 over the last quarter. Corporate insiders own 0.20% of the company's stock.

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.