Northern Trust Corp Buys 262,819 Shares of NextEra Energy, Inc. $NEE

Key Points

• Northern Trust Corp increased its holdings in NextEra Energy, acquiring an additional 262,819 shares, totaling approximately $1.66 billion worth of stock.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, which represents an annual yield of 3.0% with a payout ratio of 79.02%.
• After recent earnings results, NextEra Energy reported a 10.4% year-over-year revenue increase, although it fell short of analyst expectations, generating $6.70 billion in revenue against a forecast of $7.52 billion.

Northern Trust Corp boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,353,245 shares of the utilities provider's stock after purchasing an additional 262,819 shares during the quarter. Northern Trust Corp owned 1.13% of NextEra Energy worth $1,655,512,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $30,000. IMA Advisory Services Inc. bought a new position in NextEra Energy in the first quarter valued at approximately $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC raised its stake in shares of NextEra Energy by 237.7% during the 1st 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 bought a new stake in shares of NextEra Energy during the 1st quarter worth approximately $40,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $75.40 on Monday. The company's 50 day moving average price is $72.75 and its two-hundred day moving average price is $70.61. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market cap of $155.27 billion, a PE ratio of 26.36, a PEG ratio of 2.60 and a beta of 0.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research 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. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NEE shares. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note 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 for the company in a research note on Wednesday, June 18th. Finally, UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company's 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 sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

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.

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