Lynx Investment Advisory Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Lynx Investment Advisory acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, Holdings Channel.com reports. The fund acquired 1,983 shares of the utilities provider’s stock, valued at approximately $140,000.

A number of other hedge funds have also added to or reduced their stakes in NEE. Norges Bank bought a new stake in shares of NextEra Energy during the fourth quarter worth $2,561,055,000. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after buying an additional 429,979 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 22.3% during the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after buying an additional 1,268,900 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of NextEra Energy by 10.5% during the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after buying an additional 629,032 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of NextEra Energy by 8.2% during the fourth quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after buying an additional 449,387 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.4 %

NEE stock traded up $0.29 during midday trading on Tuesday, hitting $76.97. The stock had a trading volume of 9,050,845 shares, compared to its average volume of 11,687,139. The firm has a market cap of $158.14 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.56. The business has a fifty day moving average price of $73.93 and a two-hundred day moving average price of $66.81.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NEE. Morgan Stanley boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Evercore ISI boosted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Royal Bank of Canada boosted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.29.

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,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.