Sustainable Insight Capital Management LLC Purchases New Stake in NextEra Energy, Inc. (NYSE:NEE)

Sustainable Insight Capital Management LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,700 shares of the utilities provider’s stock, valued at approximately $2,103,000. NextEra Energy makes up approximately 1.1% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Janney Capital Management LLC grew its position in NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares during the last quarter. Camden National Bank grew its position in shares of NextEra Energy by 10.2% during the fourth quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after buying an additional 14,477 shares in the last quarter. Ancora Advisors LLC raised its holdings in NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares in the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in NextEra Energy by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after acquiring an additional 507 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Evercore ISI lifted their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Barclays lifted their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Finally, Citigroup upped their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $81.50.

NextEra Energy Trading Down 0.4 %

NextEra Energy stock opened at $79.98 on Friday. The firm has a market cap of $164.32 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $82.14. The firm’s 50 day moving average price is $76.13 and its two-hundred day moving average price is $70.30. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the firm posted $0.88 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.58%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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,natural gas, and other clean energy. 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.