Mirabaud Asset Management Ltd Raises Holdings in NextEra Energy, Inc. $NEE

Mirabaud Asset Management Ltd increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,376 shares of the utilities provider’s stock after buying an additional 7,957 shares during the period. NextEra Energy comprises approximately 1.9% of Mirabaud Asset Management Ltd’s holdings, making the stock its 21st largest holding. Mirabaud Asset Management Ltd’s holdings in NextEra Energy were worth $4,067,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. 1ST Source Bank grew its holdings in NextEra Energy by 0.6% during the 2nd quarter. 1ST Source Bank now owns 33,784 shares of the utilities provider’s stock worth $2,345,000 after acquiring an additional 203 shares in the last quarter. CSM Advisors LLC lifted its position in shares of NextEra Energy by 3.9% in the 2nd quarter. CSM Advisors LLC now owns 51,343 shares of the utilities provider’s stock worth $3,563,000 after purchasing an additional 1,940 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in shares of NextEra Energy by 1.6% during the second quarter. Sound View Wealth Advisors Group LLC now owns 49,366 shares of the utilities provider’s stock valued at $3,427,000 after purchasing an additional 760 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $1,969,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in NextEra Energy by 8.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,203,645 shares of the utilities provider’s stock valued at $291,817,000 after buying an additional 339,091 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 2.3%

NextEra Energy stock opened at $83.92 on Friday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The business has a fifty day moving average price of $78.17 and a 200-day moving average price of $74.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market capitalization of $174.76 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 2.76 and a beta of 0.69.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group restated 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 price target on NextEra Energy in a research report on Monday, October 13th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $90.22.

Insider Buying and Selling

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business’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 owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,028 shares of company stock worth $1,738,973 in the last three months. Corporate insiders own 0.20% of the company’s stock.

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.