Stevens Capital Management LP Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Stevens Capital Management LP has made a new investment of approximately $669,000 in NextEra Energy, acquiring 9,433 shares of the company in the first quarter.
• NextEra Energy reported a quarterly EPS of $1.05, beating the consensus estimate, with a net revenue of $6.70 billion for the quarter.
• The company announced a quarterly dividend of $0.5665, representing an annualized dividend of $2.27 with a yield of 3.15%.

Stevens Capital Management LP purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,433 shares of the utilities provider's stock, valued at approximately $669,000.

A number of other large investors have also made changes to their positions in NEE. Brighton Jones LLC increased its position in shares of NextEra Energy by 7.0% during the fourth 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 increased its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Financial Engines Advisors L.L.C. increased its position in shares of NextEra Energy by 149.6% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider's stock worth $887,000 after purchasing an additional 7,418 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in shares of NextEra Energy by 14.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 6,776 shares of the utilities provider's stock worth $486,000 after purchasing an additional 871 shares in the last quarter. Finally, Graney & King LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $46,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of several research reports. JPMorgan Chase & Co. cut their target price on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. UBS Group cut their target price 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. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.26 during mid-day trading on Tuesday, hitting $71.60. 3,539,981 shares of the stock were exchanged, compared to its average volume of 12,207,104. The firm has a fifty day moving average of $72.19 and a 200 day moving average of $70.46. 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 52-week low of $61.72 and a 52-week high of $86.10. The company has a market cap of $147.43 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67.

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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

About NextEra Energy

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.