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

Interchange Capital Partners LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,484 shares of the utilities provider’s stock after purchasing an additional 660 shares during the period. Interchange Capital Partners LLC’s holdings in NextEra Energy were worth $1,257,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Avity Investment Management Inc. grew its stake in shares of NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after acquiring an additional 8,565 shares in the last quarter. Integrity Alliance LLC. grew its stake in shares of NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after acquiring an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of NextEra Energy during the first quarter worth about $783,000. Czech National Bank lifted its position in shares of NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after purchasing an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. lifted its position in shares of NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 263 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE opened at $84.42 on Friday. The business’s 50 day moving average is $76.64 and its 200-day moving average is $72.84. The stock has a market cap of $173.85 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Wall Street Analyst Weigh In

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Cowen started coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, TD Cowen started coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.38.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s 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 transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock worth $2,277,773 over the last ninety days. Insiders own 0.20% of the company’s stock.

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.