Sciencast Management LP Makes New $790,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Sciencast Management LP bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,900 shares of the utilities provider’s stock, valued at approximately $790,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in NextEra Energy by 2.2% in the first quarter. Geode Capital Management LLC now owns 35,233,291 shares of the utilities provider’s stock valued at $2,708,599,000 after acquiring an additional 749,254 shares in the last quarter. Norges Bank acquired a new stake in NextEra Energy in the fourth quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC raised its holdings in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after acquiring an additional 30,218,452 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in NextEra Energy by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after acquiring an additional 315,356 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in NextEra Energy by 7.0% in the fourth quarter. Deutsche Bank AG now owns 13,532,957 shares of the utilities provider’s stock valued at $1,131,355,000 after acquiring an additional 882,316 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, Director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $1,019,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NextEra Energy news, Director Kirk S. Hachigian acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $1,019,250. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Lawrence Camaren acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $542,800. The disclosure for this purchase can be found here. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $67.90 on Tuesday. NextEra Energy, Inc. has a twelve month low of $65.36 and a twelve month high of $88.61. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $69.78 and a 200-day moving average of $73.42. The firm has a market cap of $137.41 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were given a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Tuesday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is 46.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, August 30th. The Goldman Sachs Group initiated coverage on shares of NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 target price on the stock. Morgan Stanley dropped their target price on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Finally, Guggenheim dropped their target price on shares of NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.90.

NextEra Energy 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, 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.