Hamilton Wealth LLC Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Hamilton Wealth LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 158.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,662 shares of the utilities provider’s stock after buying an additional 5,922 shares during the period. Hamilton Wealth LLC’s holdings in NextEra Energy were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of NextEra Energy in the fourth quarter worth $2,561,055,000. M&G Plc acquired a new stake in shares of NextEra Energy during the 1st quarter worth about $303,065,000. Zimmer Partners LP grew its holdings in shares of NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System raised its position in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after buying an additional 2,250,500 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after buying an additional 2,146,625 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Scotiabank boosted their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Barclays increased their target price on NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.29.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s 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 completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 1.0 %

NYSE NEE traded up $0.81 on Friday, reaching $79.20. The company had a trading volume of 14,513,109 shares, compared to its average volume of 10,270,118. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.56. The firm has a 50-day moving average of $73.93 and a 200-day moving average of $66.58. The firm has a market capitalization of $162.78 billion, a PE ratio of 21.58, a P/E/G ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.60%. NextEra Energy’s dividend payout ratio is presently 56.13%.

NextEra Energy Company 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,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.