IFM Investors Pty Ltd Acquires 318,562 Shares of NextEra Energy, Inc. (NYSE:NEE)

IFM Investors Pty Ltd grew its position in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 125.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 572,462 shares of the utilities provider’s stock after acquiring an additional 318,562 shares during the period. NextEra Energy comprises 0.8% of IFM Investors Pty Ltd’s portfolio, making the stock its 21st largest position. IFM Investors Pty Ltd’s holdings in NextEra Energy were worth $48,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marietta Wealth Management LLC increased its stake in shares of NextEra Energy by 1.9% in the first quarter. Marietta Wealth Management LLC now owns 68,267 shares of the utilities provider’s stock worth $5,783,000 after purchasing an additional 1,285 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $265,000. KRS Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $51,000. GSA Capital Partners LLP purchased a new stake in shares of NextEra Energy in the fourth quarter worth $382,000. Finally, Brown Miller Wealth Management LLC increased its stake in shares of NextEra Energy by 4.0% in the first quarter. Brown Miller Wealth Management LLC now owns 26,433 shares of the utilities provider’s stock worth $2,239,000 after purchasing an additional 1,010 shares in the last quarter. 77.89% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, CEO John W. Ketchum bought 12,909 shares of the stock in a transaction dated Friday, July 1st. The stock was purchased at an average price of $78.33 per share, for a total transaction of $1,011,161.97. Following the acquisition, the chief executive officer now owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO John W. Ketchum acquired 12,909 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was bought at an average price of $78.33 per share, for a total transaction of $1,011,161.97. Following the acquisition, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kirk S. Hachigian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were bought at an average price of $70.19 per share, with a total value of $701,900.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $350,950. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEE. Mizuho reduced their price objective on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 25th. Barclays cut their target price on shares of NextEra Energy from $90.00 to $86.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Credit Suisse Group set a $76.00 target price on shares of NextEra Energy in a research note on Monday, June 20th. Seaport Res Ptn cut shares of NextEra Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 26th. Finally, KeyCorp cut their target price on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.33.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $84.49 on Monday. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $93.73. The stock has a market capitalization of $165.98 billion, a P/E ratio of 64.50, a PEG ratio of 3.04 and a beta of 0.45. The firm has a fifty day simple moving average of $77.56 and a two-hundred day simple moving average of $77.89. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEEGet Rating) last released its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.26 billion. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The business’s revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. On average, analysts expect that NextEra Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.01%. NextEra Energy’s dividend payout ratio (DPR) is presently 129.77%.

About NextEra Energy

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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

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

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