Victrix Investment Advisors Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Victrix Investment Advisors grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 61.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,386 shares of the utilities provider’s stock after purchasing an additional 8,129 shares during the period. Victrix Investment Advisors’ holdings in NextEra Energy were worth $1,443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after buying an additional 2,090,538 shares during the last quarter. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $3,484,197,000. Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after purchasing an additional 345,999 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.0%

NYSE NEE opened at $71.03 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market cap of $146.22 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.48 and a beta of 0.68. The stock has a 50 day simple moving average of $69.90 and a two-hundred day simple moving average of $70.19.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy’s payout ratio is 85.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, June 18th. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Barclays reduced their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.