HUB Investment Partners LLC Purchases 9,536 Shares of NextEra Energy, Inc. $NEE

HUB Investment Partners LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,799 shares of the utilities provider’s stock after purchasing an additional 9,536 shares during the period. HUB Investment Partners LLC’s holdings in NextEra Energy were worth $10,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ieq Capital LLC boosted its holdings in shares of NextEra Energy by 92.3% in the second quarter. Ieq Capital LLC now owns 70,023 shares of the utilities provider’s stock worth $4,861,000 after buying an additional 33,618 shares during the last quarter. ICW Investment Advisors LLC boosted its stake in shares of NextEra Energy by 3.8% during the 2nd quarter. ICW Investment Advisors LLC now owns 22,134 shares of the utilities provider’s stock worth $1,537,000 after acquiring an additional 812 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of NextEra Energy by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 963,336 shares of the utilities provider’s stock worth $66,875,000 after acquiring an additional 21,912 shares during the last quarter. Glenview Trust co grew its position in shares of NextEra Energy by 10.0% during the 2nd quarter. Glenview Trust co now owns 285,444 shares of the utilities provider’s stock valued at $19,816,000 after acquiring an additional 25,921 shares during the period. Finally, Sand Hill Global Advisors LLC increased its stake in shares of NextEra Energy by 5.7% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 3,127 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $81.13 on Friday. The stock has a 50-day moving average price of $83.65 and a 200 day moving average price of $76.45. The stock has a market capitalization of $168.96 billion, a P/E ratio of 25.84, a P/E/G ratio of 2.73 and a beta of 0.74. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is currently 72.29%.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 157,322 shares of company stock worth $13,148,943 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. Barclays set a $88.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings raised shares of NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, BTIG Research restated a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.72.

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.