NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Patron Partners LLC

Patron Partners LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,531 shares of the utilities provider’s stock after purchasing an additional 368 shares during the quarter. Patron Partners LLC’s holdings in NextEra Energy were worth $958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. Norges Bank purchased a new position in NextEra Energy in the 4th quarter valued at about $2,561,055,000. M&G Plc acquired a new position in shares of NextEra Energy during the first quarter valued at approximately $303,065,000. Zimmer Partners LP lifted its position in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after acquiring an additional 2,250,500 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. Morgan Stanley raised their price objective on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Evercore ISI increased their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Royal Bank of Canada boosted their price target 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. Citigroup increased their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.50.

NextEra Energy Trading Down 0.4 %

Shares of NextEra Energy stock opened at $79.98 on Friday. The stock has a 50 day moving average of $76.13 and a 200 day moving average of $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. The firm has a market capitalization of $164.32 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.14.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion during 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 prior year, the business posted $0.88 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

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.