Quantinno Capital Management LP Increases Holdings in NextEra Energy, Inc. $NEE

Quantinno Capital Management LP boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,784 shares of the utilities provider’s stock after purchasing an additional 75,490 shares during the period. Quantinno Capital Management LP’s holdings in NextEra Energy were worth $34,973,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $2,375,545,000. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after acquiring an additional 5,554,603 shares during the last quarter. Amundi increased its position in NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Schroder Investment Management Group raised its stake in NextEra Energy by 18.7% in the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in NextEra Energy by 10.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 14,248,326 shares of the utilities provider’s stock valued at $1,010,064,000 after purchasing an additional 1,326,605 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $81.13 on Friday. The company has a market cap of $168.96 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth 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 debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock’s 50-day moving average is $83.65 and its 200-day moving average is $76.45.

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

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. Weiss Ratings raised shares of NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. UBS Group set a $94.00 target price on shares of NextEra Energy in a research report on Wednesday. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a research note on Tuesday. Finally, Wolfe Research raised their price target on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $91.72.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 157,322 shares of company stock valued at $13,148,943 over the last three months. 0.20% of the stock is owned by company insiders.

NextEra Energy 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.