Palogic Value Management L.P. Increases Stock Holdings in NextEra Energy, Inc. $NEE

Palogic Value Management L.P. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 18.7% in the first quarter, Holdings Channel.com reports. The firm owned 11,024 shares of the utilities provider’s stock after purchasing an additional 1,738 shares during the period. Palogic Value Management L.P.’s holdings in NextEra Energy were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. GQG Partners LLC grew its position in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Two Sigma Advisers LP purchased a new stake in NextEra Energy during the fourth quarter valued at about $240,269,000. Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Amundi grew its position in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after acquiring an additional 2,657,438 shares during the period. Finally, GAMMA Investing LLC grew its position in NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider’s stock valued at $174,286,000 after acquiring an additional 2,429,804 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.5%

Shares of NYSE:NEE opened at $69.81 on Tuesday. The company has a market capitalization of $143.76 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The company has a 50 day moving average of $73.28 and a two-hundred day moving average of $71.06. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.02%.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NEE shares. Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $84.00.

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.