NextEra Energy, Inc. (NYSE:NEE) Position Increased by abrdn plc

abrdn plc increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,701,259 shares of the utilities provider’s stock after acquiring an additional 465,000 shares during the period. NextEra Energy comprises approximately 0.9% of abrdn plc’s portfolio, making the stock its 17th biggest holding. abrdn plc’s holdings in NextEra Energy were worth $417,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. Cullen Capital Management LLC boosted its holdings in NextEra Energy by 299.7% during the first quarter. Cullen Capital Management LLC now owns 2,466,902 shares of the utilities provider’s stock valued at $186,522,000 after purchasing an additional 1,849,666 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in NextEra Energy in the 2nd quarter worth approximately $130,759,000. Blackstone Group Inc. grew its holdings in NextEra Energy by 146.0% during the 1st quarter. Blackstone Group Inc. now owns 2,705,448 shares of the utilities provider’s stock worth $204,559,000 after acquiring an additional 1,605,798 shares during the period. Ninety One UK Ltd grew its holdings in NextEra Energy by 88.0% during the 1st quarter. Ninety One UK Ltd now owns 3,108,229 shares of the utilities provider’s stock worth $235,013,000 after acquiring an additional 1,454,994 shares during the period. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in NextEra Energy during the 2nd quarter worth $88,810,000. Institutional investors own 74.67% of the company’s stock.

A number of equities analysts recently weighed in on NEE shares. Credit Suisse Group started coverage on shares of NextEra Energy in a research note on Wednesday, July 14th. They issued an “outperform” rating and a $85.00 target price for the company. Barclays dropped their target price on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 25th. Finally, Morgan Stanley upped their target price on shares of NextEra Energy from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, August 19th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $80.70.

In other NextEra Energy news, EVP Ronald R. Reagan sold 4,166 shares of the firm’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $84.00, for a total value of $349,944.00. Following the completion of the sale, the executive vice president now directly owns 28,043 shares in the company, valued at $2,355,612. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah H. Caplan sold 6,896 shares of the firm’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of $75.00, for a total transaction of $517,200.00. Following the completion of the sale, the executive vice president now owns 123,339 shares of the company’s stock, valued at $9,250,425. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

NYSE:NEE traded up $0.23 on Wednesday, hitting $84.87. The company had a trading volume of 199,290 shares, compared to its average volume of 7,881,096. The firm has a 50 day moving average of $81.06 and a two-hundred day moving average of $76.90. The stock has a market capitalization of $166.47 billion, a price-to-earnings ratio of 53.07, a PEG ratio of 4.05 and a beta of 0.19. NextEra Energy, Inc. has a 52 week low of $66.79 and a 52 week high of $87.69. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 1.05.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, July 22nd. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.01. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4.91 billion. NextEra Energy had a net margin of 18.69% and a return on equity of 10.84%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 2.52 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Friday, August 27th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, August 26th. NextEra Energy’s dividend payout ratio is presently 66.67%.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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

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