Quarry LP Has $628,000 Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Quarry LP increased its stake in NextEra Energy by 469.7% during the first quarter, owning a total of 8,865 shares valued at approximately $628,000.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, with an annualized yield of 3.1%, reflecting a payout ratio of 79.37%.
• Analysts maintain a Moderate Buy rating for NextEra Energy, with an average price target of $84.00, indicating positive sentiment and potential for future growth.

Quarry LP lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 469.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,865 shares of the utilities provider's stock after purchasing an additional 7,309 shares during the quarter. Quarry LP's holdings in NextEra Energy were worth $628,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in NextEra Energy in the 1st quarter valued at about $202,000. Saudi Central Bank purchased a new stake in NextEra Energy during the first quarter worth approximately $57,000. Centric Wealth Management increased its position in shares of NextEra Energy by 4.8% in the first quarter. Centric Wealth Management now owns 12,870 shares of the utilities provider's stock worth $912,000 after acquiring an additional 593 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in NextEra Energy by 8.1% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,335 shares of the utilities provider's stock valued at $307,000 after purchasing an additional 323 shares during the period. Finally, Palogic Value Management L.P. lifted its stake in shares of NextEra Energy by 18.7% during the first quarter. Palogic Value Management L.P. now owns 11,024 shares of the utilities provider's stock worth $781,000 after purchasing an additional 1,738 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business'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 completion of the transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.96 during mid-day trading on Wednesday, reaching $71.69. 7,708,970 shares of the company traded hands, compared to its average volume of 9,124,939. 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 cap of $147.62 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.65. The stock has a fifty day simple moving average of $73.25 and a 200-day simple moving average of $71.01. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company posted $0.96 EPS. The company's revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. BMO Capital Markets increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays raised their price objective 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. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.