NextEra Energy, Inc. $NEE Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,640 shares of the utilities provider’s stock after buying an additional 1,096 shares during the quarter. Fidelis Capital Partners LLC’s holdings in NextEra Energy were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NEE. ProShare Advisors LLC increased its position in NextEra Energy by 3.1% in the second quarter. ProShare Advisors LLC now owns 2,733,430 shares of the utilities provider’s stock worth $189,755,000 after buying an additional 81,720 shares during the period. Profund Advisors LLC lifted its holdings in shares of NextEra Energy by 31.3% during the second quarter. Profund Advisors LLC now owns 107,450 shares of the utilities provider’s stock valued at $7,459,000 after purchasing an additional 25,597 shares during the last quarter. Summit X LLC increased its position in shares of NextEra Energy by 7.0% in the second quarter. Summit X LLC now owns 4,579 shares of the utilities provider’s stock worth $318,000 after acquiring an additional 301 shares in the last quarter. King Luther Capital Management Corp boosted its stake in NextEra Energy by 3.1% in the 2nd quarter. King Luther Capital Management Corp now owns 19,706 shares of the utilities provider’s stock worth $1,368,000 after purchasing an additional 596 shares during the period. Finally, Searle & CO. grew its position in NextEra Energy by 15.1% during the 2nd quarter. Searle & CO. now owns 32,104 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $84.85 on Tuesday. The stock has a 50-day moving average price of $78.43 and a two-hundred day moving average price of $74.18. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The stock has a market cap of $176.71 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last announced 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 revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 71.97%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,028 shares of company stock worth $1,738,973. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Evercore ISI reissued an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. Barclays set a $88.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. TD Cowen initiated coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

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.