NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by LGT Group Foundation

Key Points

• LGT Group Foundation significantly increased its stake in NextEra Energy by 120.1% in the first quarter, acquiring a total of 1,761,459 shares valued at approximately $124.87 million.
• NextEra Energy reported a quarterly EPS of $1.05, surpassing analysts' estimates, although its revenue of $6.70 billion fell short of expectations by $0.82 billion.
• The company recently declared a quarterly dividend of $0.5665, with a current annualized yield of 3.1%.

LGT Group Foundation grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 120.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,761,459 shares of the utilities provider's stock after buying an additional 961,255 shares during the quarter. NextEra Energy accounts for 1.7% of LGT Group Foundation's investment portfolio, making the stock its 15th largest position. LGT Group Foundation owned about 0.09% of NextEra Energy worth $124,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of NextEra Energy by 543.3% in the first 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. Resona Asset Management Co. Ltd. boosted its stake in shares of NextEra Energy by 8.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 663,789 shares of the utilities provider's stock worth $47,002,000 after acquiring an additional 53,764 shares during the last quarter. Rathbones Group PLC boosted its stake in shares of NextEra Energy by 11.6% in the first quarter. Rathbones Group PLC now owns 709,752 shares of the utilities provider's stock worth $50,314,000 after acquiring an additional 73,964 shares during the last quarter. Westpac Banking Corp boosted its stake in shares of NextEra Energy by 87.1% in the first quarter. Westpac Banking Corp now owns 54,797 shares of the utilities provider's stock worth $3,885,000 after acquiring an additional 25,513 shares during the last quarter. Finally, Iyo Bank Ltd. boosted its stake in shares of NextEra Energy by 150.4% in the first quarter. Iyo Bank Ltd. now owns 44,450 shares of the utilities provider's stock worth $3,151,000 after acquiring an additional 26,700 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Trading Down 0.0%

NYSE NEE traded down $0.00 on Thursday, reaching $72.30. 6,779,288 shares of the company were exchanged, compared to its average volume of 8,540,765. The business's fifty day moving average price is $72.69 and its 200 day moving average price is $70.58. The stock has a market capitalization of $148.88 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy's dividend payout ratio is presently 79.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NEE. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Barclays lifted 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.42.

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.