NextEra Energy, Inc. $NEE Shares Acquired by Haverford Trust Co

Haverford Trust Co boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.1% in the first quarter, HoldingsChannel reports. The firm owned 1,777,747 shares of the utilities provider’s stock after purchasing an additional 163,225 shares during the quarter. NextEra Energy makes up approximately 1.3% of Haverford Trust Co’s holdings, making the stock its 26th largest holding. Haverford Trust Co’s holdings in NextEra Energy were worth $126,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the period. Dark Forest Capital Management LP boosted its position in NextEra Energy by 40.5% during the 4th quarter. Dark Forest Capital Management LP now owns 9,724 shares of the utilities provider’s stock worth $697,000 after acquiring an additional 2,802 shares during the period. Integrated Wealth Concepts LLC boosted its position in NextEra Energy by 49.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 66,427 shares of the utilities provider’s stock worth $4,762,000 after acquiring an additional 21,964 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its position in NextEra Energy by 3.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 7,713 shares of the utilities provider’s stock worth $553,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, June 18th. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. BMO Capital Markets upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday. Finally, UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.23.

Insiders Place Their Bets

In other news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, 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. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 0.2%

Shares of NextEra Energy stock opened at $76.2270 on Friday. The business has a fifty day simple moving average of $73.04 and a 200-day simple moving average of $70.79. The firm has a market cap of $156.97 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.62 and a beta of 0.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS 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. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s payout ratio is 79.37%.

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.