Strs Ohio Purchases 42,639 Shares of NextEra Energy, Inc. $NEE

Strs Ohio boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,020,116 shares of the utilities provider’s stock after acquiring an additional 42,639 shares during the period. Strs Ohio’s holdings in NextEra Energy were worth $70,816,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NEE. GQG Partners LLC lifted its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after buying an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. raised its position in NextEra Energy by 20.7% in 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 buying an additional 2,815,629 shares during the last quarter. Amundi grew its stake in shares of NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares during the period. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Finally, Boston Partners grew its stake in shares of NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after acquiring an additional 1,886,999 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,028 shares of company stock valued at $1,738,973 in the last three months. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Trading Down 2.3%

NYSE:NEE opened at $81.67 on Thursday. The stock’s 50 day moving average price is $77.09 and its 200 day moving average price is $73.23. The company has a market capitalization of $168.18 billion, a PE ratio of 26.01, a P/E/G ratio of 2.82 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NEE shares. Morgan Stanley reiterated an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research note on Tuesday. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday. Cowen assumed coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

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.