NextEra Energy, Inc. $NEE Shares Bought by Paradiem LLC

Paradiem LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,804 shares of the utilities provider’s stock after acquiring an additional 21,367 shares during the quarter. NextEra Energy accounts for about 2.9% of Paradiem LLC’s investment portfolio, making the stock its 18th biggest position. Paradiem LLC’s holdings in NextEra Energy were worth $12,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in NextEra Energy during the 2nd quarter worth approximately $2,375,545,000. Vanguard Group Inc. grew its position in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares during the last quarter. Amundi increased its stake in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after buying an additional 2,657,438 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after acquiring an additional 1,701,648 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.0%

Shares of NextEra Energy stock opened at $80.48 on Friday. The stock has a market capitalization of $167.62 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.70 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The business’s 50 day simple moving average is $82.96 and its 200-day simple moving average is $77.30.

NextEra Energy (NYSE:NEE) last issued 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 return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 72.29%.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. HSBC lifted their price target on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Barclays set a $88.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley lowered their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.56.

About NextEra Energy

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.