Quintet Private Bank Europe S.A. Boosts Stock Position in NextEra Energy, Inc. $NEE

Quintet Private Bank Europe S.A. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 94.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,894 shares of the utilities provider’s stock after purchasing an additional 32,553 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in NextEra Energy were worth $4,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the 1st quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the 1st quarter worth approximately $35,000. Copia Wealth Management purchased a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 392 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.5%

NYSE:NEE opened at $71.66 on Monday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.47 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a 50 day simple moving average of $73.10 and a 200 day simple moving average of $71.07.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s payout ratio is 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. HSBC decreased their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.00.

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.