NextEra Energy, Inc. $NEE Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 67.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,067 shares of the utilities provider’s stock after buying an additional 3,657 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in NextEra Energy were worth $629,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avity Investment Management Inc. boosted its stake in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares during the period. Integrity Alliance LLC. boosted its stake in NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares during the period. Elyxium Wealth LLC acquired a new position in NextEra Energy during the 1st quarter valued at about $783,000. Czech National Bank boosted its stake in NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after purchasing an additional 30,878 shares during the period. Finally, Bowman & Co S.C. boosted its stake in NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after purchasing an additional 263 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,028 shares of company stock worth $1,738,973 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 2.0%

NYSE NEE opened at $86.08 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company’s 50 day simple moving average is $76.84 and its 200 day simple moving average is $73.00. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.29. The company has a market capitalization of $177.26 billion, a P/E ratio of 30.10, a PEG ratio of 2.85 and a beta of 0.66.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NEE. Morgan Stanley reissued an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Cowen assumed coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. HSBC reduced their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Finally, Wells Fargo & Company set a $97.00 price target on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $89.00.

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,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.