Elo Mutual Pension Insurance Co Purchases 25,982 Shares of NextEra Energy, Inc. $NEE

Elo Mutual Pension Insurance Co grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 171,042 shares of the utilities provider’s stock after acquiring an additional 25,982 shares during the period. Elo Mutual Pension Insurance Co’s holdings in NextEra Energy were worth $11,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in shares of NextEra Energy by 1.2% in the second quarter. Advisors Asset Management Inc. now owns 266,773 shares of the utilities provider’s stock valued at $18,519,000 after acquiring an additional 3,053 shares during the period. Verity & Verity LLC raised its position in NextEra Energy by 0.4% in the 2nd quarter. Verity & Verity LLC now owns 279,793 shares of the utilities provider’s stock worth $19,423,000 after purchasing an additional 1,135 shares during the period. Laurel Wealth Advisors LLC lifted its stake in NextEra Energy by 6,822.2% in the second quarter. Laurel Wealth Advisors LLC now owns 21,805 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 21,490 shares during the last quarter. RiverFront Investment Group LLC boosted its holdings in NextEra Energy by 3.0% during the 2nd quarter. RiverFront Investment Group LLC now owns 6,057 shares of the utilities provider’s stock valued at $420,000 after acquiring an additional 177 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $3,945,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The sale 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 firm’s stock in a transaction on Monday, September 8th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $84.41 on Tuesday. The stock has a 50 day moving average of $81.13 and a two-hundred day moving average of $75.44. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The firm has a market cap of $175.79 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 71.97%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Evercore ISI reiterated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Wolfe Research cut their price target on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Finally, Citigroup restated a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.63.

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.