Orion Porfolio Solutions LLC Purchases 24,188 Shares of NextEra Energy, Inc. $NEE

Orion Porfolio Solutions LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 20.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 141,664 shares of the utilities provider’s stock after buying an additional 24,188 shares during the period. Orion Porfolio Solutions LLC’s holdings in NextEra Energy were worth $9,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of NextEra Energy in the second quarter worth about $2,375,545,000. Vanguard Group Inc. raised its stake in NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares during the period. Amundi lifted its holdings in NextEra Energy by 27.8% in 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 grew its holdings in NextEra Energy by 18.7% during 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 buying an additional 1,701,648 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in NextEra Energy by 181.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock valued at $151,718,000 after buying an additional 1,410,200 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday, October 13th. Mizuho boosted their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Melius started coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Weiss Ratings upgraded NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 8th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $89.00 price target (down from $90.00) on shares of NextEra Energy in a research note on Wednesday. Three 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.72.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 157,322 shares of company stock worth $13,148,943. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.5%

Shares of NYSE NEE opened at $81.65 on Monday. 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, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The firm’s 50-day moving average price is $83.68 and its 200-day moving average price is $76.67. The stock has a market capitalization of $170.05 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 2.75 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS 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 company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 dividend of $0.5665 per share. 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 presently 72.29%.

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.