NextEra Energy, Inc. $NEE Stock Holdings Raised by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 319,263 shares of the utilities provider’s stock after purchasing an additional 10,878 shares during the quarter. Benjamin Edwards Inc.’s holdings in NextEra Energy were worth $22,163,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in NextEra Energy by 2.7% during the 2nd 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 during the last quarter. Geode Capital Management LLC lifted its stake in NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after purchasing an additional 526,996 shares during the last quarter. Norges Bank acquired a new position in NextEra Energy in the second quarter worth $2,375,545,000. Northern Trust Corp raised its holdings in shares of NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after purchasing an additional 262,819 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 2.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after buying an additional 340,315 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were 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 of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of 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. Insiders have sold 157,322 shares of company stock worth $13,148,943 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NEE shares. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of NextEra Energy in a research note on Tuesday. Citigroup reissued a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Morgan Stanley lowered their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. BMO Capital Markets reissued an “outperform” rating and set a $89.00 price target (down previously from $90.00) on shares of NextEra Energy in a report on Wednesday. Finally, Cowen started coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.72.

NextEra Energy Stock Performance

NEE opened at $81.65 on Friday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a market capitalization of $170.05 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 2.73 and a beta of 0.74. The business has a 50 day moving average price of $83.68 and a two-hundred day moving average price of $76.55. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last posted 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 company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is currently 72.29%.

NextEra Energy Company 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.