NextEra Energy, Inc. $NEE Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 528,504 shares of the utilities provider’s stock after buying an additional 10,236 shares during the quarter. IFM Investors Pty Ltd’s holdings in NextEra Energy were worth $40,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Princeton Global Asset Management LLC boosted its stake in NextEra Energy by 0.3% during the 3rd quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider’s stock worth $3,646,000 after purchasing an additional 134 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after buying an additional 136 shares during the period. Veltria Advisors Corp. boosted its stake in shares of NextEra Energy by 4.8% during the second quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock worth $210,000 after buying an additional 139 shares during the period. Pine Haven Investment Counsel Inc grew its holdings in shares of NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its position in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 142 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $79.80 on Wednesday. The firm’s fifty day simple moving average is $83.25 and its 200-day simple moving average is $77.16. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The stock has a market cap of $166.19 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping 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 firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays set a $88.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. HSBC boosted their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Argus set a $90.00 price target on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Cowen assumed coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

Insider Buying and Selling

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 157,322 shares of company stock valued at $13,148,943. 0.18% of the stock is owned by insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.