QRG Capital Management Inc. Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

QRG Capital Management Inc. boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 194,556 shares of the utilities provider’s stock after acquiring an additional 3,330 shares during the period. QRG Capital Management Inc.’s holdings in NextEra Energy were worth $13,792,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the 4th quarter worth about $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the 4th quarter worth about $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $44,000. Finally, Promus Capital LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent analyst reports. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Guggenheim restated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $73.80 on Tuesday. The stock has a 50 day moving average of $69.19 and a two-hundred day moving average of $70.37. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market capitalization of $151.93 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. NextEra Energy’s payout ratio is 84.64%.

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.