North American Management Corp Grows Stock Position in NextEra Energy Inc (NYSE:NEE)

North American Management Corp lifted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,395 shares of the utilities provider’s stock after purchasing an additional 63 shares during the quarter. North American Management Corp’s holdings in NextEra Energy were worth $491,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of NextEra Energy by 1.6% during the first quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock worth $1,311,963,000 after purchasing an additional 107,426 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of NextEra Energy by 20.1% during the first quarter. California Public Employees Retirement System now owns 2,886,266 shares of the utilities provider’s stock worth $557,973,000 after purchasing an additional 483,263 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of NextEra Energy by 4.9% during the first quarter. Commonwealth Bank of Australia now owns 2,272,592 shares of the utilities provider’s stock worth $439,322,000 after purchasing an additional 106,769 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of NextEra Energy by 23.6% during the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after purchasing an additional 385,763 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of NextEra Energy by 4.8% during the first quarter. Neuberger Berman Group LLC now owns 1,978,741 shares of the utilities provider’s stock worth $382,530,000 after purchasing an additional 91,003 shares during the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.

NEE stock traded up $1.26 on Friday, reaching $216.48. 1,378,292 shares of the company’s stock were exchanged, compared to its average volume of 1,623,241. The company has a fifty day moving average of $208.80. NextEra Energy Inc has a twelve month low of $164.25 and a twelve month high of $217.18. The company has a market cap of $103.11 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 3.21 and a beta of 0.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. NextEra Energy’s quarterly revenue was up 22.3% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio is presently 64.94%.

Several research firms have recently commented on NEE. KeyCorp began coverage on NextEra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $225.00 price target for the company. Morgan Stanley upped their price target on NextEra Energy from $207.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Wells Fargo & Co upped their price objective on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Barclays reaffirmed a “buy” rating and set a $218.00 price objective on shares of NextEra Energy in a report on Wednesday, June 19th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $210.50.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $202.90, for a total value of $324,640.00. Following the sale, the director now owns 18,315 shares of the company’s stock, valued at $3,716,113.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Ketchum sold 15,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $204.50, for a total value of $3,067,500.00. Following the completion of the sale, the chief executive officer now directly owns 21,137 shares in the company, valued at approximately $4,322,516.50. The disclosure for this sale can be found here. Insiders sold 101,300 shares of company stock worth $20,217,711 in the last three months. 0.48% of the stock is owned by corporate insiders.

NextEra Energy Profile

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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