First Merchants Corp raised its stake in NextEra Energy Inc (NYSE:NEE) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,999 shares of the utilities provider’s stock after acquiring an additional 2,351 shares during the quarter. First Merchants Corp’s holdings in NextEra Energy were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Securities Inc. grew its holdings in NextEra Energy by 98.4% during the 4th quarter. Comerica Securities Inc. now owns 3,628 shares of the utilities provider’s stock valued at $631,000 after buying an additional 1,799 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NextEra Energy by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 892,125 shares of the utilities provider’s stock valued at $155,062,000 after acquiring an additional 26,810 shares during the last quarter. USS Investment Management Ltd bought a new stake in shares of NextEra Energy during the 1st quarter valued at about $43,715,000. Mitchell Sinkler & Starr PA boosted its position in shares of NextEra Energy by 3.6% during the 1st quarter. Mitchell Sinkler & Starr PA now owns 2,905 shares of the utilities provider’s stock valued at $562,000 after acquiring an additional 100 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of NextEra Energy by 7,774.3% during the 1st quarter. Contravisory Investment Management Inc. now owns 22,678 shares of the utilities provider’s stock valued at $4,384,000 after acquiring an additional 22,390 shares during the last quarter. 75.86% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Barclays reiterated a “buy” rating and set a $218.00 price target on shares of NextEra Energy in a research report on Wednesday, June 19th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Scotiabank upgraded NextEra Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $187.00 to $202.00 in a research report on Wednesday, May 8th. UBS Group lifted their price target on NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Guggenheim lifted their price target on NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $210.50.
Shares of NEE stock opened at $211.43 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The business has a fifty day moving average price of $207.91. NextEra Energy Inc has a twelve month low of $164.25 and a twelve month high of $213.23. The stock has a market capitalization of $101.29 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 3.16 and a beta of 0.22.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the business earned $2.08 EPS. The business’s revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy Inc will post 8.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.36%. NextEra Energy’s payout ratio is 64.94%.
In other NextEra Energy news, EVP Deborah H. Caplan sold 2,976 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $194.44, for a total value of $578,653.44. Following the completion of the sale, the executive vice president now owns 24,477 shares in the company, valued at $4,759,307.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $202.90, for a total value of $324,640.00. Following the completion of the sale, the director now owns 18,315 shares of the company’s stock, valued at approximately $3,716,113.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,300 shares of company stock worth $20,217,711. Corporate insiders own 0.48% of the company’s stock.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Recommended Story: What are CEFs?
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.