IronBridge Capital Management LP Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

IronBridge Capital Management LP boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,695 shares of the utilities provider’s stock after buying an additional 600 shares during the period. IronBridge Capital Management LP’s holdings in NextEra Energy were worth $731,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV raised its position in NextEra Energy by 12.8% in the first quarter. KBC Group NV now owns 67,394 shares of the utilities provider’s stock valued at $8,651,000 after buying an additional 7,650 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in NextEra Energy by 1.2% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,605 shares of the utilities provider’s stock valued at $2,902,000 after buying an additional 271 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in NextEra Energy by 1.8% in the first quarter. YHB Investment Advisors Inc. now owns 30,453 shares of the utilities provider’s stock valued at $4,067,000 after buying an additional 541 shares during the last quarter. Quantbot Technologies LP increased its stake in NextEra Energy by 2,368.5% in the first quarter. Quantbot Technologies LP now owns 66,995 shares of the utilities provider’s stock valued at $8,600,000 after buying an additional 64,281 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in NextEra Energy by 23.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 468,110 shares of the utilities provider’s stock valued at $60,091,000 after buying an additional 87,970 shares during the last quarter. 76.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy, Inc. (NYSE NEE) opened at 147.35 on Wednesday. The firm has a market capitalization of $69.14 billion, a P/E ratio of 16.88 and a beta of 0.32. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $147.84. The company’s 50-day moving average is $142.61 and its 200-day moving average is $134.07.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the business earned $1.67 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.

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NEE has been the subject of several research reports. Deutsche Bank AG lifted their price objective on shares of NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Barclays PLC reiterated an “overweight” rating and set a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $148.18.

In related news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders sold a total of 90,431 shares of company stock valued at $12,692,378 in the last 90 days. Company insiders own 0.53% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.