NextEra Energy, Inc. $NEE Shares Acquired by Mariner LLC

Mariner LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,139,132 shares of the utilities provider’s stock after acquiring an additional 111,676 shares during the quarter. Mariner LLC’s holdings in NextEra Energy were worth $236,985,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in NextEra Energy during the 2nd quarter worth approximately $2,375,545,000. Vanguard Group Inc. grew its position in shares of NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after acquiring an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after purchasing an additional 3,755,563 shares during the period. Amundi grew its position in shares of NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after buying an additional 1,780,881 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of NextEra Energy by 18.7% during the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wolfe Research lifted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Seaport Research Partners decreased their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Morgan Stanley reiterated an “overweight” rating and set a $106.00 price target on shares of NextEra Energy in a research report on Friday, February 20th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group set a $87.00 target price on NextEra Energy in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $94.16.

Insider Buying and Selling

In other news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This represents a 65.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 190,816 shares of company stock worth $17,075,619. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $92.87 on Tuesday. The firm has a market capitalization of $193.49 billion, a PE ratio of 28.23 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $88.65 and its 200-day moving average is $83.10. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 75.68%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.