ST Germain D J Co. Inc. Raises Stake in NextEra Energy, Inc. $NEE

Key Points

• ST Germain D J Co. Inc. increased its stake in NextEra Energy, Inc. by 94.0% during the second quarter, now holding 355,212 shares worth approximately $24.66 million.
• NextEra Energy has received various ratings from analysts, including a "strong-buy" from Melius Research and a target price of $95.00 from Morgan Stanley.
• The company recently announced a quarterly dividend of $0.5665 per share, reflecting an annualized dividend of $2.27 with a yield of 3.0%.

ST Germain D J Co. Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 94.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 355,212 shares of the utilities provider's stock after purchasing an additional 172,082 shares during the quarter. NextEra Energy accounts for about 1.1% of ST Germain D J Co. Inc.'s investment portfolio, making the stock its 28th largest position. ST Germain D J Co. Inc.'s holdings in NextEra Energy were worth $24,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the first quarter worth $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy in the first quarter worth $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the first quarter worth $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the fourth quarter worth $36,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NEE. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. Morgan Stanley restated an "overweight" rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday. Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Activity at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total transaction of $60,827.40. Following the completion of the sale, the executive vice president directly owned 10,113 shares of the company's stock, valued at approximately $727,124.70. The trade was a 7.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock valued at $1,476,245 over the last ninety days. Company insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 1.2%

NEE stock opened at $74.68 on Friday. 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, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a market capitalization of $153.79 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. The firm's fifty day simple moving average is $72.63 and its two-hundred day simple moving average is $71.08.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business 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 business posted $0.96 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. NextEra Energy's payout ratio is 79.37%.

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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