Dimensional Fund Advisors LP Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Dimensional Fund Advisors LP boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,953,894 shares of the utilities provider’s stock after purchasing an additional 100,749 shares during the quarter. Dimensional Fund Advisors LP owned about 0.20% of NextEra Energy worth $293,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sageworth Trust Co grew its holdings in shares of NextEra Energy by 1,794.1% during the first quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock valued at $25,000 after buying an additional 305 shares during the last quarter. Alaska Permanent Fund Corp bought a new position in NextEra Energy during the second quarter valued at approximately $26,000. Magellan Asset Management Ltd bought a new position in NextEra Energy during the first quarter valued at approximately $32,000. Tower View Wealth Management LLC bought a new position in NextEra Energy during the second quarter valued at approximately $35,000. Finally, Mizuho Securities Co. Ltd. lifted its position in NextEra Energy by 444.4% during the second quarter. Mizuho Securities Co. Ltd. now owns 490 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, major shareholder Nextera Energy Inc acquired 3,097,524 shares of the company’s stock in a transaction on Friday, October 6th. The stock was acquired at an average cost of $24.21 per share, with a total value of $74,991,056.04. Following the purchase, the insider now directly owns 4,097,524 shares of the company’s stock, valued at approximately $99,201,056.04. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $57.00 on Thursday. The stock has a market capitalization of $116.95 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.14 and a beta of 0.54. The company has a fifty day moving average of $58.54 and a 200 day moving average of $67.64. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $88.61. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.50.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.08. The company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 27.82% and a return on equity of 12.15%. NextEra Energy’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.4675 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.28%. NextEra Energy’s payout ratio is currently 49.47%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NEE shares. The Goldman Sachs Group lowered their price objective on shares of NextEra Energy from $83.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Morgan Stanley decreased their price target on shares of NextEra Energy from $91.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 25th. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Guggenheim decreased their price target on shares of NextEra Energy from $73.00 to $65.00 in a research report on Monday, October 9th. Finally, Royal Bank of Canada decreased their price target on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.31.

About NextEra Energy

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.