NEOS Investment Management LLC Acquires 112,477 Shares of NextEra Energy, Inc. $NEE

NEOS Investment Management LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 48.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 344,548 shares of the utilities provider’s stock after acquiring an additional 112,477 shares during the period. NEOS Investment Management LLC’s holdings in NextEra Energy were worth $26,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in NextEra Energy during the 2nd quarter valued at about $2,375,545,000. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after buying an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in NextEra Energy by 1,765.3% during 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 buying an additional 3,755,563 shares in the last quarter. Schroder Investment Management Group raised its position in NextEra Energy by 18.7% in the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after buying an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in NextEra Energy by 181.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock valued at $151,718,000 after buying an additional 1,410,200 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a research note on Thursday, January 29th. Seaport Research Partners reduced their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. BTIG Research reaffirmed a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their price target on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $92.95.

NextEra Energy Trading Up 2.0%

Shares of NEE stock opened at $93.78 on Tuesday. The company has a 50 day moving average of $83.88 and a 200-day moving average of $80.41. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $94.94. The firm has a market cap of $195.30 billion, a P/E ratio of 28.50, a PEG ratio of 2.90 and a beta of 0.75.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is presently 69.00%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,049 shares of company stock valued at $14,194,542 over the last three months. 0.18% of the stock is currently owned by insiders.

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.