NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Columbus Hill Capital Management L.P.

Columbus Hill Capital Management L.P. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 29.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,145 shares of the utilities provider’s stock after acquiring an additional 75,000 shares during the quarter. NextEra Energy accounts for about 4.8% of Columbus Hill Capital Management L.P.’s holdings, making the stock its 9th largest position. Columbus Hill Capital Management L.P.’s holdings in NextEra Energy were worth $23,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. boosted its position in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the period. Clear Investment Research LLC boosted its position in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares during the period. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth about $33,000. American Capital Advisory LLC increased its holdings in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Finally, Family Firm Inc. purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.6 %

NYSE:NEE opened at $82.76 on Friday. The company’s 50 day moving average is $78.33 and its 200-day moving average is $72.22. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $85.56. The firm has a market cap of $170.03 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its 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 firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the business earned $0.88 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NEE shares. Citigroup boosted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Barclays boosted their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday. They issued a “hold” rating and a $87.00 target price on the stock. Finally, Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $81.87.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.