12,708 Shares in NextEra Energy Inc (NYSE:NEE) Bought by IMC Chicago LLC

IMC Chicago LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,708 shares of the utilities provider’s stock, valued at approximately $2,603,000.

A number of other institutional investors have also modified their holdings of NEE. Meridian Financial Partners LLC grew its position in shares of NextEra Energy by 1.8% in the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after purchasing an additional 49 shares in the last quarter. Grove Bank & Trust grew its position in shares of NextEra Energy by 1.0% in the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock valued at $1,015,000 after purchasing an additional 49 shares in the last quarter. Bogart Wealth LLC grew its position in shares of NextEra Energy by 1.4% in the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock valued at $824,000 after purchasing an additional 54 shares in the last quarter. Ullmann Financial Group Inc. grew its position in shares of NextEra Energy by 2.7% in the second quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 57 shares in the last quarter. Finally, First Foundation Advisors grew its position in shares of NextEra Energy by 2.2% in the second quarter. First Foundation Advisors now owns 2,657 shares of the utilities provider’s stock valued at $544,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

NextEra Energy stock traded up $0.82 during midday trading on Friday, hitting $225.72. 4,751,432 shares of the company’s stock were exchanged, compared to its average volume of 2,200,419. NextEra Energy Inc has a 52-week low of $164.25 and a 52-week high of $226.00. The stock has a 50-day moving average price of $218.48 and a two-hundred day moving average price of $203.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The company has a market cap of $107.75 billion, a P/E ratio of 29.31, a PEG ratio of 3.35 and a beta of 0.19.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the business earned $2.08 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy Inc will post 8.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.22%. The ex-dividend date was Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.

In other NextEra Energy news, EVP Charles E. Sieving sold 4,987 shares of NextEra Energy stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $222.52, for a total transaction of $1,109,707.24. Following the completion of the sale, the executive vice president now owns 46,467 shares of the company’s stock, valued at $10,339,836.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John W. Ketchum sold 15,000 shares of NextEra Energy stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $204.50, for a total value of $3,067,500.00. Following the sale, the chief executive officer now directly owns 21,137 shares of the company’s stock, valued at approximately $4,322,516.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,853 shares of company stock valued at $21,215,994. Corporate insiders own 0.48% of the company’s stock.

NEE has been the subject of several recent research reports. Wells Fargo & Co set a $240.00 price target on NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Bank of America boosted their target price on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. UBS Group boosted their target price on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Credit Suisse Group boosted their target price on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Morgan Stanley set a $233.00 target price on NextEra Energy and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $217.77.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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