Interval Partners LP Invests $1.67 Million in NextEra Energy, Inc. (NYSE:NEE)

Interval Partners LP bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,552 shares of the utilities provider’s stock, valued at approximately $1,668,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. BCK Partners Inc. lifted its holdings in shares of NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 135 shares during the period. Renasant Bank boosted its holdings in shares of NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after buying an additional 143 shares during the period. Proffitt & Goodson Inc. increased its holdings in shares of NextEra Energy by 64.0% during the 2nd 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 last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in shares of NextEra Energy by 1.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley lifted their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Barclays lifted their target price 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. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.87.

NextEra Energy Price Performance

NEE opened at $84.83 on Tuesday. The company has a market capitalization of $174.29 billion, a P/E ratio of 23.11, a PEG ratio of 3.03 and a beta of 0.56. The company has a 50-day moving average of $78.61 and a 200-day moving average of $72.65. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for 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 quarter in the prior year, the firm posted $0.88 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.43%. NextEra Energy’s payout ratio is 56.13%.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated 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 owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate 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.