Tema Etfs LLC Purchases 108,683 Shares of NextEra Energy, Inc. $NEE

Tema Etfs LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 79.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,797 shares of the utilities provider’s stock after purchasing an additional 108,683 shares during the period. NextEra Energy accounts for approximately 1.5% of Tema Etfs LLC’s investment portfolio, making the stock its 6th biggest holding. Tema Etfs LLC’s holdings in NextEra Energy were worth $19,652,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wedbush Securities Inc. grew its holdings in shares of NextEra Energy by 24.8% during the 3rd quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after purchasing an additional 12,738 shares in the last quarter. Varma Mutual Pension Insurance Co increased its position in shares of NextEra Energy by 5.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after purchasing an additional 15,600 shares during the period. National Pension Service raised its stake in NextEra Energy by 1.3% in the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after purchasing an additional 60,324 shares in the last quarter. Synergy Asset Management LLC lifted its position in NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 16,322 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in NextEra Energy by 61.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock worth $4,604,000 after purchasing an additional 23,288 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the sale, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. This represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Barclays lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. HSBC boosted their price objective on shares of NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, UBS Group raised their target price on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.72.

NextEra Energy Stock Up 0.1%

NEE stock opened at $92.95 on Thursday. The stock has a market capitalization of $193.67 billion, a P/E ratio of 28.25 and a beta of 0.74. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The firm has a 50-day moving average price of $91.02 and a 200-day moving average price of $84.72.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 75.68%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.