NextEra Energy, Inc. $NEE Shares Acquired by Benin Management CORP

Benin Management CORP lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.7% during the second quarter, Holdings Channel.com reports. The fund owned 9,108 shares of the utilities provider’s stock after purchasing an additional 1,100 shares during the period. Benin Management CORP’s holdings in NextEra Energy were worth $632,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NEE. GQG Partners LLC grew its position in NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the last quarter. Amundi grew its position in NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after buying an additional 2,657,438 shares during the last quarter. Vanguard Group Inc. grew its position in NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Finally, Boston Partners grew its position in NextEra Energy by 55.3% in the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after buying an additional 1,886,999 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NEE. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.38.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,528 shares of company stock worth $2,277,773. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.9%

NextEra Energy stock opened at $83.97 on Wednesday. The company has a 50 day moving average price of $76.03 and a 200 day moving average price of $72.44. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm has a market capitalization of $172.92 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 2.87 and a beta of 0.66.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

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.