NextEra Energy, Inc. $NEE Shares Acquired by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,376 shares of the utilities provider’s stock after acquiring an additional 7,957 shares during the period. NextEra Energy comprises 1.9% of Mirabaud Asset Management Ltd’s holdings, making the stock its 21st biggest position. Mirabaud Asset Management Ltd’s holdings in NextEra Energy were worth $4,067,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. 1ST Source Bank lifted its position in NextEra Energy by 0.6% during the second quarter. 1ST Source Bank now owns 33,784 shares of the utilities provider’s stock valued at $2,345,000 after purchasing an additional 203 shares during the period. CSM Advisors LLC grew its position in NextEra Energy by 3.9% during the 2nd quarter. CSM Advisors LLC now owns 51,343 shares of the utilities provider’s stock worth $3,563,000 after purchasing an additional 1,940 shares during the period. Sound View Wealth Advisors Group LLC raised its stake in shares of NextEra Energy by 1.6% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 49,366 shares of the utilities provider’s stock valued at $3,427,000 after buying an additional 760 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of NextEra Energy during the 2nd quarter valued at about $1,969,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of NextEra Energy by 8.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,203,645 shares of the utilities provider’s stock valued at $291,817,000 after buying an additional 339,091 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 2.3%

Shares of NYSE:NEE opened at $83.92 on Friday. The business’s 50 day moving average price is $78.17 and its 200-day moving average price is $74.00. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The firm has a market capitalization of $174.76 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid 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 (DPR) is currently 71.97%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Evercore ISI reiterated an “outperform” rating and issued a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th. Mizuho raised their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, TD Cowen began coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Buying and Selling

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.20% of the company’s stock.

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.