Highbridge Capital Management LLC Has $3.12 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Highbridge Capital Management LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 89.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,000 shares of the utilities provider’s stock after selling 383,100 shares during the quarter. Highbridge Capital Management LLC’s holdings in NextEra Energy were worth $3,116,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NEE. Aveo Capital Partners LLC increased its holdings in NextEra Energy by 17.7% in the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 1,206 shares during the last quarter. Gryphon Financial Partners LLC grew its position in shares of NextEra Energy by 49.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after buying an additional 4,046 shares during the period. TrinityPoint Wealth LLC grew its position in shares of NextEra Energy by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after buying an additional 507 shares during the period. InterOcean Capital Group LLC raised its position in shares of NextEra Energy by 3.7% in the 4th quarter. InterOcean Capital Group LLC now owns 8,256 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 294 shares during the period. Finally, Alpha Family Trust raised its position in shares of NextEra Energy by 73.3% in the 4th quarter. Alpha Family Trust now owns 7,520 shares of the utilities provider’s stock valued at $457,000 after acquiring an additional 3,180 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.8 %

Shares of NEE stock opened at $84.28 on Thursday. The firm’s fifty day moving average price is $78.05 and its two-hundred day moving average price is $71.95. 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 $85.56. The firm has a market capitalization of $173.16 billion, a P/E ratio of 22.96, a PEG ratio of 3.03 and a beta of 0.56.

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 return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the company earned $0.88 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

Several brokerages have commented on NEE. Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Evercore ISI boosted their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Citigroup raised their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Royal Bank of Canada boosted their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. One 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.