OFI Invest Asset Management Has $64.81 Million Holdings in NextEra Energy, Inc. $NEE

OFI Invest Asset Management grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 45.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 933,624 shares of the utilities provider’s stock after acquiring an additional 293,376 shares during the period. OFI Invest Asset Management’s holdings in NextEra Energy were worth $64,812,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its position in NextEra Energy by 21.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 291,126 shares of the utilities provider’s stock worth $20,268,000 after acquiring an additional 51,453 shares during the last quarter. Sovereign Financial Group Inc. lifted its position in NextEra Energy by 3.5% during the second quarter. Sovereign Financial Group Inc. now owns 9,706 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 330 shares during the last quarter. Tranquility Partners LLC lifted its position in NextEra Energy by 23.8% during the second quarter. Tranquility Partners LLC now owns 18,013 shares of the utilities provider’s stock worth $1,250,000 after acquiring an additional 3,463 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in NextEra Energy by 23.6% during the second quarter. Concurrent Investment Advisors LLC now owns 149,021 shares of the utilities provider’s stock worth $10,345,000 after acquiring an additional 28,435 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its position in shares of NextEra Energy by 4.5% in the second quarter. Matrix Asset Advisors Inc. NY now owns 266,053 shares of the utilities provider’s stock valued at $18,469,000 after buying an additional 11,430 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.5%

Shares of NYSE:NEE opened at $83.30 on Friday. The company has a fifty day moving average of $74.20 and a 200-day moving average of $71.74. The company has a market capitalization of $171.54 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. 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 firm posted $0.96 earnings per share. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is 79.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.08.

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.