Two Sigma Advisers LP Invests $240.27 Million in NextEra Energy, Inc. (NYSE:NEE)

Two Sigma Advisers LP bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,351,500 shares of the utilities provider's stock, valued at approximately $240,269,000. Two Sigma Advisers LP owned about 0.16% of NextEra Energy as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Tybourne Capital Management HK Ltd. increased its stake in NextEra Energy by 101.8% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 53,137 shares of the utilities provider's stock valued at $3,809,000 after purchasing an additional 26,806 shares in the last quarter. Texas Bank & Trust Co bought a new stake in NextEra Energy in the fourth quarter valued at $677,000. Tidal Investments LLC increased its stake in NextEra Energy by 8.5% in the fourth quarter. Tidal Investments LLC now owns 63,489 shares of the utilities provider's stock valued at $4,552,000 after purchasing an additional 4,955 shares in the last quarter. TrinityPoint Wealth LLC increased its stake in NextEra Energy by 4.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 25,338 shares of the utilities provider's stock valued at $1,816,000 after purchasing an additional 999 shares in the last quarter. Finally, Stonebrook Private Inc. increased its stake in NextEra Energy by 9.7% in the fourth quarter. Stonebrook Private Inc. now owns 17,864 shares of the utilities provider's stock valued at $1,281,000 after purchasing an additional 1,576 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NEE traded down $4.62 during midday trading on Thursday, reaching $66.92. The company had a trading volume of 40,189,448 shares, compared to its average volume of 11,104,193. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $137.76 billion, a PE ratio of 19.86, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The business has a 50-day moving average price of $68.73 and a two-hundred day moving average price of $71.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.39%. NextEra Energy's payout ratio is currently 84.64%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $83.46.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.