NextEra Energy, Inc. (NYSE:NEE) Position Boosted by Axa S.A.

Axa S.A. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,673,432 shares of the utilities provider’s stock after purchasing an additional 122,951 shares during the quarter. Axa S.A. owned 0.08% of NextEra Energy worth $118,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. AlTi Global Inc. grew its holdings in shares of NextEra Energy by 37.7% in the 2nd quarter. AlTi Global Inc. now owns 7,623 shares of the utilities provider’s stock worth $540,000 after acquiring an additional 2,086 shares during the last quarter. Alley Investment Management Company LLC boosted its holdings in shares of NextEra Energy by 17.4% during the second quarter. Alley Investment Management Company LLC now owns 188,428 shares of the utilities provider’s stock worth $13,343,000 after purchasing an additional 27,990 shares during the period. ELCO Management Co. LLC lifted its position in NextEra Energy by 21.9% in the 2nd quarter. ELCO Management Co. LLC now owns 28,031 shares of the utilities provider’s stock worth $1,985,000 after buying an additional 5,034 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of NextEra Energy by 267.2% during the 2nd quarter. Fred Alger Management LLC now owns 179,801 shares of the utilities provider’s stock valued at $12,732,000 after buying an additional 130,829 shares during the period. Finally, Insigneo Advisory Services LLC grew its holdings in shares of NextEra Energy by 5.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 28,806 shares of the utilities provider’s stock valued at $2,209,000 after acquiring an additional 1,605 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Morgan Stanley increased their price objective on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Scotiabank lifted 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. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.87.

NextEra Energy Stock Down 0.6 %

NEE opened at $84.30 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $85.56. The company has a market capitalization of $173.27 billion, a P/E ratio of 22.97, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm’s fifty day moving average price is $78.86 and its two-hundred day moving average price is $72.84.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is 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.