Teza Capital Management LLC Makes New Investment in NextEra Energy, Inc. $NEE

Key Points

• Teza Capital Management LLC purchased **23,411 shares** of NextEra Energy, valued at approximately **$1,660,000**, making it the firm's **12th largest holding**.
• Significant recent stakes have been acquired by other hedge funds, including **GQG Partners LLC**, which increased its stake in NextEra Energy by **58.4%** during the first quarter.
• NextEra Energy announced a quarterly dividend of **$0.5665 per share**, representing an **annualized yield of 3.2%**, with an ex-dividend date of August 28th.

Teza Capital Management LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,411 shares of the utilities provider's stock, valued at approximately $1,660,000. NextEra Energy accounts for approximately 0.8% of Teza Capital Management LLC's investment portfolio, making the stock its 12th biggest holding.

Several other institutional investors have also made changes to their positions in NEE. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth approximately $26,000. 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 raised 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 acquiring an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in NextEra Energy during the first quarter valued at approximately $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the company'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 in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,677 shares of company stock worth $1,415,418 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NEE shares. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, HSBC dropped 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. 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.00.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.51 during trading on Friday, reaching $71.83. The stock had a trading volume of 4,017,099 shares, compared to its average volume of 11,669,581. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market capitalization of $147.93 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.45 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $73.13 and a two-hundred day simple moving average of $71.05.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The company's quarterly 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 fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.02%.

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.