Van Lanschot Kempen Investment Management N.V. Purchases 131,727 Shares of NextEra Energy, Inc. $NEE

Key Points

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Van Lanschot Kempen Investment Management N.V. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,926 shares of the utilities provider's stock after acquiring an additional 131,727 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in NextEra Energy were worth $31,753,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NEE. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth approximately $30,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $35,000. Copia Wealth Management bought a new position in NextEra Energy in the fourth quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC boosted its stake in NextEra Energy by 237.7% in 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 during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in NextEra Energy in the first quarter worth $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Barclays upped their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $75.77 on Tuesday. The stock has a market cap of $156.03 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.60 and a beta of 0.63. The firm's 50-day moving average is $72.83 and its 200 day moving average is $70.63. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. 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 released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating 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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Insider Activity 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 stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

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.

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