NextEra Energy, Inc. $NEE Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 41.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,978 shares of the utilities provider’s stock after purchasing an additional 22,911 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NextEra Energy were worth $5,887,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC raised its stake in NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 852 shares in the last quarter. Finally, United Bank increased its holdings in shares of NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 444 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,049 shares of company stock worth $14,194,542. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 0.5%

Shares of NextEra Energy stock opened at $92.07 on Monday. The stock has a 50-day simple moving average of $84.76 and a 200-day simple moving average of $81.01. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.56. The firm has a market cap of $191.83 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.85 and a beta of 0.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 69.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NEE. BTIG Research reiterated a “buy” rating and issued a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. The Goldman Sachs Group raised their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Seaport Research Partners cut their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Citigroup reiterated a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.05.

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.