Tema Etfs LLC Boosts Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Tema Etfs LLC significantly increased its holdings in NextEra Energy by 835.9%, owning 50,839 shares valued at approximately $3.60 million.
• NextEra Energy recently reported earnings of $1.05 per share, exceeding analyst expectations, with revenue of $6.70 billion, despite falling short of estimates.
• The company declared a quarterly dividend of $0.5665 per share, with a total annualized dividend yield of 3.1%.

Tema Etfs LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 835.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,839 shares of the utilities provider's stock after buying an additional 45,407 shares during the quarter. NextEra Energy accounts for 1.1% of Tema Etfs LLC's portfolio, making the stock its 23rd largest position. Tema Etfs LLC's holdings in NextEra Energy were worth $3,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. IMA Advisory Services Inc. bought a new position in NextEra Energy during the first quarter valued at approximately $35,000. Copia Wealth Management bought a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares during the period. Hughes Financial Services LLC bought a new position in NextEra Energy during the first quarter valued at approximately $40,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in NextEra Energy by 543.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 489 shares during the period. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. increased 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. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the firm'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 completion of the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.06 on Monday, hitting $72.03. 11,278,715 shares of the stock traded hands, compared to its average volume of 9,452,117. The firm has a market cap of $148.34 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.65. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a 50 day simple moving average of $73.20 and a two-hundred day simple moving average of $70.97. 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 announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 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.