5,990 Shares in NextEra Energy, Inc. $NEE Purchased by USA Financial Formulas

USA Financial Formulas acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,990 shares of the utilities provider’s stock, valued at approximately $481,000.

Several other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after acquiring an additional 3,755,563 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in NextEra Energy during the third quarter worth $177,198,000. Amundi boosted its position in NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares during the last quarter. Schroder Investment Management Group boosted its position in NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in NextEra Energy by 181.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock valued at $151,718,000 after purchasing an additional 1,410,200 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NEE shares. Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. HSBC lifted their price objective on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, BTIG Research reissued a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.44.

NextEra Energy Stock Up 0.3%

NEE stock opened at $91.44 on Friday. The stock has a fifty day moving average of $90.49 and a 200-day moving average of $84.27. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91. The company has a market capitalization of $190.53 billion, a price-to-earnings ratio of 27.79 and a beta of 0.76. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

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

NextEra Energy Increases Dividend

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

Insiders Place Their Bets

In related news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the 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 approximately $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. Insiders sold 190,816 shares of company stock worth $17,075,619 in the last three months. Insiders own 0.20% of the company’s stock.

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.