Vinva Investment Management Ltd Boosts Stake in NextEra Energy, Inc. $NEE

Vinva Investment Management Ltd raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 46.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,350 shares of the utilities provider’s stock after buying an additional 39,947 shares during the quarter. Vinva Investment Management Ltd’s holdings in NextEra Energy were worth $8,886,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC increased its position in NextEra Energy by 30.6% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 756 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 177 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in NextEra Energy by 4.6% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 66,892 shares of the utilities provider’s stock valued at $4,644,000 after purchasing an additional 2,913 shares in the last quarter. Maia Wealth LLC acquired a new stake in shares of NextEra Energy during the 2nd quarter worth about $228,000. Country Trust Bank grew its holdings in shares of NextEra Energy by 3,140.8% during the second quarter. Country Trust Bank now owns 301,266 shares of the utilities provider’s stock worth $20,914,000 after buying an additional 291,970 shares in the last quarter. Finally, Inceptionr LLC grew its holdings in shares of NextEra Energy by 203.1% during the second quarter. Inceptionr LLC now owns 28,444 shares of the utilities provider’s stock worth $1,975,000 after buying an additional 19,060 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NEE shares. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Mizuho increased their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Monday. HSBC upped their target price on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.63.

NextEra Energy Stock Performance

NextEra Energy stock opened at $85.58 on Friday. The company has a market cap of $178.22 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock’s 50-day moving average is $82.03 and its 200-day moving average is $75.68.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (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 business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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 represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 168,168 shares of company stock worth $13,917,670. Insiders own 0.20% of the company’s stock.

About NextEra Energy

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.