IFM Investors Pty Ltd buys 318,562 shares of NextEra Energy, Inc. (NYSE:NEE)


IFM Investors Pty Ltd increased its position in shares of NextEra Energy, Inc. (NYSE:NEEGet a rating) by 125.5% during the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission. The fund held 572,462 shares of the utility provider after buying an additional 318,562 shares during the quarter. NextEra Energy accounts for around 0.8% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 21st largest holding. IFM Investors Pty Ltd’s holdings in NextEra Energy were worth $48,493,000 at the end of the most recent reporting period.

Several other large investors have also recently increased or reduced their stake in the company. CRA Financial Services LLC increased its stake in shares of NextEra Energy by 0.5% during the first quarter. CRA Financial Services LLC now owns 26,410 shares of the utility provider valued at $2,237,000 after buying 127 additional shares in the last quarter. Rosenberg Matthew Hamilton increased his stake in shares of NextEra Energy by 2.4% during the first quarter. Rosenberg Matthew Hamilton now owns 5,571 shares of the utility provider valued at $472,000 after buying 128 additional shares in the last quarter. First Personal Financial Services increased its stake in shares of NextEra Energy by 0.9% during the fourth quarter. First Personal Financial Services now owns 16,006 shares of the utility provider valued at $1,494,000 after buying 136 additional shares in the last quarter. Marion Wealth Management increased its equity stake in NextEra Energy by 2.1% in the first quarter. Marion Wealth Management now owns 6,571 shares of the utility provider valued at $557,000 after buying 136 additional shares in the last quarter. Finally, Kozak & Associates Inc. increased its stake in shares of NextEra Energy by 2.1% during the fourth quarter. Kozak & Associates Inc. now owns 6,553 shares of the utility provider valued at $525,000 after buying 137 additional shares in the last quarter. 77.89% of the shares are held by institutional investors.

NextEra Energy shares down 0.1%

NextEra Energy stock opened at $84.49 on Monday. The company has a market capitalization of $165.98 billion, a P/E ratio of 64.50, a price-to-earnings growth ratio of 3.04 and a beta of 0.45. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $93.73. The company has a fifty-day simple moving average of $77.56 and a 200-day simple moving average of $77.89. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt ratio of 1.20.

NextEra Energy (NYSE:NEEGet a rating) last released its results on Friday, July 22. The utility provider reported earnings per share of $0.81 for the quarter, beating consensus analyst estimates of $0.73 by $0.08. The company posted revenue of $5.18 billion in the quarter, versus a consensus estimate of $5.26 billion. NextEra Energy posted a net margin of 14.75% and a return on equity of 11.97%. The company’s revenue for the quarter increased by 32.0% compared to the same quarter last year. In the same quarter last year, the company earned earnings per share of $0.71. Research analysts expect NextEra Energy, Inc. to post earnings per share of 2.86 for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Investors of record on Tuesday, August 30 will receive a dividend of $0.425. This represents a dividend of $1.70 on an annualized basis and a yield of 2.01%. NextEra Energy’s dividend payout ratio (DPR) is currently 129.77%.

A Wall Street analyst gives his opinion

Several analysts have recently commented on the stock. Wells Fargo & Company raised its price target on NextEra Energy shares from $102.00 to $107.00 and gave the company an “overweight” rating in a Monday, April 18 research note. Evercore ISI reaffirmed a “holding” rating and issued a $90.00 price target on NextEra Energy shares in a Friday, April 22 report. Guggenheim reworded a “buy” rating and issued a $91.00 price target on NextEra Energy shares in a Friday, July 22 report. Barclays cut its price target on NextEra Energy shares from $90.00 to $86.00 and set an “equal weight” rating on the stock in a Monday, July 18 report. Finally, Credit Suisse Group set a price target of $76.00 on shares of NextEra Energy in a Monday, June 20 report. Five equity research analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $88.33.

Insider activity

In other news, CEO John W. Ketchum acquired 12,909 shares of the company in a transaction dated Friday, July 1. The stock was purchased at an average price of $78.33 per share, with a total value of $1,011,161.97. As a result of the transaction, the CEO now directly owns 132,894 shares of the company, valued at approximately $10,409,587.02. The purchase was disclosed in a filing with the SEC, accessible via this hyperlink. Separately, CEO John W. Ketchum acquired 12,909 shares of the company in a transaction dated Friday, July 1. The stock was purchased at an average price of $78.33 per share, with a total value of $1,011,161.97. As a result of the transaction, the CEO now directly owns 132,894 shares of the company, valued at approximately $10,409,587.02. The purchase was disclosed in a filing with the SEC, accessible via this hyperlink. Also, director Kirk S. Hachigian acquired 10,000 shares of the company in a transaction dated Tuesday, May 3. The shares were purchased at an average cost of $70.19 per share, with a total value of $701,900.00. Following the transaction, the administrator now owns 5,000 shares of the company, valued at $350,950. Disclosure of this purchase can be found here. Insiders own 0.43% of the shares of the company.

About NextEra Energy

(Get a rating)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas installations. It also develops, builds and operates long-term contract assets that consist of clean energy solutions, such as renewable energy generation facilities, battery storage projects and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates power generation facilities in the wholesale energy markets.

See also

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Institutional ownership by quarter for NextEra Energy (NYSE:NEE)



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