Shell Asset Management Co. Raises Holdings in NextEra Energy, Inc. $NEE

Shell Asset Management Co. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 52.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,780 shares of the utilities provider's stock after purchasing an additional 16,712 shares during the period. Shell Asset Management Co.'s holdings in NextEra Energy were worth $3,386,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NEE. Brighton Jones LLC increased its stake in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares during the period. Miracle Mile Advisors LLC grew its stake in NextEra Energy by 17.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 15,125 shares of the utilities provider's stock worth $1,072,000 after acquiring an additional 2,276 shares during the period. Daymark Wealth Partners LLC grew its stake in NextEra Energy by 2.1% in the 1st quarter. Daymark Wealth Partners LLC now owns 42,248 shares of the utilities provider's stock worth $2,995,000 after acquiring an additional 857 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in NextEra Energy by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 50,087 shares of the utilities provider's stock worth $3,552,000 after acquiring an additional 11,665 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the stock an "outperform" rating in a research note on Monday. Morgan Stanley reaffirmed an "overweight" rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their target price 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 lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.08.

NextEra Energy Stock Up 1.4%

Shares of NYSE NEE opened at $83.28 on Wednesday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00. The firm has a fifty day moving average of $73.43 and a 200-day moving average of $71.44. The stock has a market capitalization of $171.50 billion, a PE ratio of 29.12, a P/E/G ratio of 2.83 and a beta of 0.66. 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 posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy's payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock worth $2,446,490 over the last three months. Insiders own 0.18% of the company's stock.

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.

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