Municipal Employees Retirement System of Michigan raised its position in NextEra Energy, Inc. (NYSE:NEE) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,080 shares of the utilities provider’s stock after buying an additional 170 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in NextEra Energy were worth $1,936,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. APG Asset Management N.V. boosted its stake in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after buying an additional 844,862 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock worth $51,220,000 after buying an additional 393,931 shares in the last quarter. Swiss National Bank boosted its stake in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares in the last quarter. Alliancebernstein L.P. boosted its stake in NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in NextEra Energy during the first quarter worth $34,726,000. 76.84% of the stock is owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE NEE) opened at 149.93 on Friday. The stock has a market capitalization of $70.35 billion, a price-to-earnings ratio of 17.17 and a beta of 0.32. The company has a 50 day moving average price of $144.37 and a 200 day moving average price of $136.10. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $150.60.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is presently 45.02%.
A number of equities research analysts recently weighed in on NEE shares. Barclays PLC restated an “overweight” rating and issued a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. Morgan Stanley increased their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, May 8th. BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $148.64.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
About NextEra Energy
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.
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