Voya Investment Management LLC increased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248,934 shares of the utilities provider’s stock after acquiring an additional 121,048 shares during the quarter. Voya Investment Management LLC’s holdings in NextEra Energy were worth $208,610,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in NextEra Energy by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock valued at $698,348,000 after purchasing an additional 455,401 shares during the period. Janus Henderson Group PLC increased its stake in NextEra Energy by 1.8% in the second quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock valued at $503,883,000 after purchasing an additional 53,173 shares during the period. Legal & General Group Plc increased its stake in NextEra Energy by 2.1% in the second quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock valued at $466,332,000 after purchasing an additional 57,093 shares during the period. Commonwealth Bank of Australia increased its stake in NextEra Energy by 3.0% in the second quarter. Commonwealth Bank of Australia now owns 2,284,434 shares of the utilities provider’s stock valued at $382,551,000 after purchasing an additional 66,180 shares during the period. Finally, Standard Life Aberdeen plc increased its stake in NextEra Energy by 18.9% in the second quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock valued at $345,352,000 after purchasing an additional 329,056 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

A number of research firms have commented on NEE. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Wednesday, August 8th. Barclays began coverage on shares of NextEra Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price objective on the stock. Howard Weil began coverage on shares of NextEra Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Scotiabank began coverage on shares of NextEra Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of NextEra Energy from $172.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 13th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $167.08.

In related news, CEO Armando Pimentel, Jr. sold 10,734 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the sale, the chief executive officer now owns 64,169 shares of the company’s stock, valued at $10,971,615.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 8,336 shares of the business’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $157.15, for a total transaction of $1,310,002.40. Following the sale, the chief executive officer now directly owns 77,139 shares in the company, valued at approximately $12,122,393.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,070 shares of company stock worth $9,140,192. Insiders own 0.55% of the company’s stock.

Shares of NYSE:NEE traded down $2.30 during midday trading on Friday, hitting $171.52. The stock had a trading volume of 17,987 shares, compared to its average volume of 1,354,146. The company has a market cap of $80.94 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.64 and a beta of 0.18. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a 1 year low of $144.70 and a 1 year high of $175.65.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. research analysts forecast that NextEra Energy Inc will post 7.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Thursday, August 30th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 29th. NextEra Energy’s payout ratio is 66.27%.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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