Geode Capital Management LLC Purchases 526,996 Shares of NextEra Energy, Inc. $NEE

Geode Capital Management LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 45,724,229 shares of the utilities provider’s stock after acquiring an additional 526,996 shares during the quarter. Geode Capital Management LLC’s holdings in NextEra Energy were worth $3,161,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased 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 worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Northern Trust Corp raised its stake in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after buying an additional 262,819 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after buying an additional 1,336,259 shares during the last quarter. GQG Partners LLC grew its stake in shares of 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 period. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 2,815,629 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $85.81 on Wednesday. The stock has a market capitalization of $178.71 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 2.76 and a beta of 0.69. The firm’s 50-day moving average price is $78.69 and its two-hundred day moving average price is $74.32. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is 71.97%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at $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 is available at 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 transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Citigroup reaffirmed a “buy” rating and set a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday, October 13th. Barclays set a $88.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Three equities research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.22.

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.