NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,336 shares of the utilities provider’s stock after acquiring an additional 3,635 shares during the period. NextEra Energy accounts for 2.1% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 20th biggest holding. O Brien Greene & Co. Inc’s holdings in NextEra Energy were worth $6,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after acquiring an additional 691,341 shares in the last quarter. Nordea Investment Management AB boosted its holdings in NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after purchasing an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in NextEra Energy by 10.5% in the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after purchasing an additional 629,032 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in NextEra Energy by 6.9% in the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock worth $423,568,000 after purchasing an additional 388,149 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on 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 directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.4 %

Shares of NEE opened at $84.97 on Wednesday. The company has a 50-day simple moving average of $77.82 and a 200-day simple moving average of $71.87. The firm has a market capitalization of $174.57 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.03 and a beta of 0.56. 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 52 week low of $47.15 and a 52 week high of $85.56.

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. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.42%. NextEra Energy’s payout ratio is currently 56.13%.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.