Strategy Asset Managers LLC Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

Strategy Asset Managers LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEEGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,346 shares of the utilities provider’s stock, valued at approximately $283,000.

Other hedge funds have also recently bought and sold shares of the company. Addison Capital Co acquired a new position in NextEra Energy during the 1st quarter worth $326,000. Arden Trust Co grew its stake in NextEra Energy by 1.2% during the 1st quarter. Arden Trust Co now owns 51,317 shares of the utilities provider’s stock worth $4,347,000 after purchasing an additional 595 shares in the last quarter. Atalanta Sosnoff Capital LLC acquired a new position in NextEra Energy during the 1st quarter worth $406,000. TRH Financial LLC acquired a new position in NextEra Energy during the 1st quarter worth $6,577,000. Finally, Nordea Investment Management AB grew its stake in NextEra Energy by 1.4% during the 1st quarter. Nordea Investment Management AB now owns 2,613,042 shares of the utilities provider’s stock worth $223,885,000 after purchasing an additional 35,197 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Several research firms have recently issued reports on NEE. Mizuho lowered their price objective on NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 25th. Morgan Stanley lowered their price objective on NextEra Energy from $88.00 to $86.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. StockNews.com began coverage on NextEra Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company upped their price objective on NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Finally, BMO Capital Markets reduced their target price on NextEra Energy from $105.00 to $93.00 in a report on Monday, June 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.86.

Shares of NEE stock opened at $74.69 on Thursday. The company has a market cap of $146.73 billion, a price-to-earnings ratio of 100.93, a price-to-earnings-growth ratio of 2.71 and a beta of 0.48. The stock has a 50 day simple moving average of $74.38 and a 200-day simple moving average of $79.98. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $93.73. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16.

NextEra Energy (NYSE:NEEGet Rating) last issued its earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $5.16 billion. NextEra Energy had a return on equity of 11.49% and a net margin of 8.97%. During the same period in the prior year, the business posted $0.67 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 2.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, May 27th. NextEra Energy’s dividend payout ratio (DPR) is 229.73%.

In other news, Director Kirk S. Hachigian purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The shares were acquired at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $350,950. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

NextEra Energy Profile (Get Rating)

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, coal, and natural gas facilities. 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.

See Also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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