IFM Investors Pty Ltd Boosts Stake in NextEra Energy, Inc. $NEE

IFM Investors Pty Ltd lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 528,504 shares of the utilities provider’s stock after purchasing an additional 10,236 shares during the quarter. IFM Investors Pty Ltd’s holdings in NextEra Energy were worth $40,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Activest Wealth Management boosted its stake in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy during the 2nd quarter worth approximately $25,000. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the 1st quarter valued at approximately $26,000. Finally, Quaker Wealth Management LLC raised its position in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 157,322 shares of company stock worth $13,148,943. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $79.80 on Wednesday. The company has a market cap of $166.19 billion, a P/E ratio of 25.41, a PEG ratio of 2.69 and a beta of 0.74. The firm has a fifty day moving average price of $83.25 and a 200 day moving average price of $77.16. 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, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the business earned $1.03 EPS. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NEE shares. Morgan Stanley lowered their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Mizuho raised their target price on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

About NextEra Energy

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.