Profund Advisors LLC Has $7.46 Million Stock Holdings in NextEra Energy, Inc. $NEE

Profund Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 31.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,450 shares of the utilities provider’s stock after purchasing an additional 25,597 shares during the quarter. Profund Advisors LLC’s holdings in NextEra Energy were worth $7,459,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings 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 in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of NextEra Energy by 19.5% in the first quarter. Kathmere Capital Management LLC now owns 6,714 shares of the utilities provider’s stock valued at $476,000 after buying an additional 1,096 shares during the last quarter. New York State Common Retirement Fund increased its position in NextEra Energy by 6.3% in the 1st quarter. New York State Common Retirement Fund now owns 2,935,170 shares of the utilities provider’s stock valued at $208,074,000 after acquiring an additional 175,253 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of NextEra Energy by 5.0% in the first quarter. Stephens Inc. AR now owns 215,181 shares of the utilities provider’s stock worth $15,254,000 after acquiring an additional 10,189 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NEE shares. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Mizuho boosted their price objective on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy Stock Performance

Shares of NEE opened at $83.92 on Monday. The firm has a market cap of $174.76 billion, a P/E ratio of 26.72, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The firm’s 50 day moving average price is $78.17 and its two-hundred day moving average price is $74.05.

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. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value 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. This trade represents a 13.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 23,028 shares of company stock worth $1,738,973. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Profile

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.