WD Rutherford LLC Purchases 1,911 Shares of NextEra Energy, Inc. (NYSE:NEE)

WD Rutherford LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,666 shares of the utilities provider’s stock after purchasing an additional 1,911 shares during the period. WD Rutherford LLC’s holdings in NextEra Energy were worth $1,605,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after buying an additional 8,949 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in NextEra Energy by 1,573.0% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 596,204 shares of the utilities provider’s stock valued at $36,213,000 after buying an additional 560,567 shares during the period. South Dakota Investment Council lifted its stake in NextEra Energy by 3.6% during the fourth quarter. South Dakota Investment Council now owns 60,807 shares of the utilities provider’s stock worth $3,693,000 after purchasing an additional 2,100 shares during the last quarter. Meritage Portfolio Management boosted its stake in NextEra Energy by 10.9% in the fourth quarter. Meritage Portfolio Management now owns 5,213 shares of the utilities provider’s stock valued at $317,000 after buying an additional 512 shares in the last quarter. Finally, Syon Capital LLC grew its holdings in shares of NextEra Energy by 134.1% during the 4th quarter. Syon Capital LLC now owns 21,700 shares of the utilities provider’s stock valued at $1,318,000 after purchasing an additional 12,432 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NEE shares. Barclays raised their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Citigroup lifted their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.74 during midday trading on Friday, reaching $79.66. 5,052,935 shares of the stock were exchanged, compared to its average volume of 11,233,079. The company’s fifty day moving average is $74.56 and its 200-day moving average is $68.83. 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, Inc. has a 52 week low of $47.15 and a 52 week high of $80.56. The firm has a market cap of $163.66 billion, a PE ratio of 21.71, a PEG ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the company earned $0.88 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is presently 56.13%.

NextEra Energy Company 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.