Truvestments Capital LLC Grows Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Truvestments Capital LLC increased its ownership in NextEra Energy by 25.6% during Q1, holding a total of 87,768 shares valued at approximately $6.22 million.
• Institutional investors collectively own 78.72% of NextEra Energy, with significant increases in holdings also reported by firms like GQG Partners and Charles Schwab Investment Management.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.0% and a dividend payout ratio of 79.02%.

Truvestments Capital LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,768 shares of the utilities provider's stock after buying an additional 17,882 shares during the period. NextEra Energy comprises about 1.4% of Truvestments Capital LLC's portfolio, making the stock its 8th biggest position. Truvestments Capital LLC's holdings in NextEra Energy were worth $6,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NEE. GQG Partners LLC raised its stake in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Two Sigma Advisers LP acquired a new position in NextEra Energy during the 4th quarter worth approximately $240,269,000. Charles Schwab Investment Management Inc. raised its stake in NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the period. GAMMA Investing LLC raised its stake in shares of NextEra Energy by 8,456.8% in the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $74.91 on Wednesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The business has a fifty day moving average price of $73.14 and a 200-day moving average price of $70.89. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market capitalization of $154.26 billion, a P/E ratio of 26.19, a PEG ratio of 2.59 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company earned $0.96 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective for the company. Barclays increased their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $83.79.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated 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 in the company, valued at $2,143,805. This trade represents a 7.30% 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.

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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