Allspring Global Investments Holdings LLC Acquires 114,296 Shares of NextEra Energy, Inc. $NEE

Allspring Global Investments Holdings LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,343,301 shares of the utilities provider’s stock after acquiring an additional 114,296 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NextEra Energy were worth $171,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. GQG Partners LLC grew its holdings 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 acquiring an additional 6,352,798 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 2,815,629 shares during the last quarter. Amundi grew its holdings in NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after acquiring an additional 2,657,438 shares during the last quarter. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the last quarter. Finally, Boston Partners grew its holdings in NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after acquiring an additional 1,886,999 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.5%

NextEra Energy stock opened at $83.30 on Monday. 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 12-month low of $61.72 and a 12-month high of $86.00. The firm’s fifty day moving average is $74.20 and its 200 day moving average is $71.75. The company has a market capitalization of $171.54 billion, a PE ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the company earned $0.96 EPS. NextEra Energy’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.08.

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.