NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 65.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,464 shares of the utilities provider’s stock after acquiring an additional 2,958 shares during the period. Simon Quick Advisors LLC’s holdings in NextEra Energy were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Weaver Capital Management LLC purchased a new position in NextEra Energy in the 2nd quarter valued at about $386,000. First National Trust Co grew its holdings in NextEra Energy by 1.3% during the 2nd quarter. First National Trust Co now owns 240,908 shares of the utilities provider’s stock worth $17,059,000 after acquiring an additional 2,988 shares in the last quarter. Founders Financial Securities LLC grew its position in shares of NextEra Energy by 24.5% in the 2nd quarter. Founders Financial Securities LLC now owns 9,381 shares of the utilities provider’s stock worth $664,000 after acquiring an additional 1,847 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in NextEra Energy by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 176,414 shares of the utilities provider’s stock valued at $12,492,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Northstar Advisory Group LLC raised its stake in NextEra Energy by 31.2% during the second quarter. Northstar Advisory Group LLC now owns 10,871 shares of the utilities provider’s stock worth $770,000 after acquiring an additional 2,587 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $81.08 on Thursday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $81.54. The firm has a 50-day moving average price of $75.82 and a 200-day moving average price of $70.07. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $166.58 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS 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 company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the business earned $0.88 earnings per share. Equities analysts expect 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 will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.54%. 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 the firm’s stock in a transaction dated Thursday, August 1st. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley upped their price objective 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. Barclays lifted their price target on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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.