NextEra Energy, Inc. $NEE Shares Acquired by Amundi

Amundi grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 27.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,200,990 shares of the utilities provider’s stock after purchasing an additional 2,657,438 shares during the quarter. Amundi’s holdings in NextEra Energy were worth $878,447,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Tradition Wealth Management LLC raised its position in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares during the period. Cim LLC lifted its position in NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock worth $2,397,000 after acquiring an additional 158 shares in the last quarter. Conning Inc. lifted its position in shares of NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider’s stock worth $999,000 after purchasing an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC boosted its position in NextEra Energy by 0.7% in the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider’s stock valued at $1,591,000 after buying an additional 166 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its holdings in NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider’s stock valued at $427,000 after purchasing an additional 168 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction that occurred 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 transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays raised their price objective 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. HSBC dropped their target price 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. UBS Group reduced their price target 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. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

NextEra Energy Stock Performance

NEE stock opened at $72.62 on Wednesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a market capitalization of $149.54 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock’s fifty day moving average is $73.25 and its two-hundred day moving average is $71.01.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 business 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 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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 paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

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.