Intech Investment Management LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

Intech Investment Management LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,503 shares of the utilities provider’s stock after buying an additional 534 shares during the quarter. Intech Investment Management LLC’s holdings in NextEra Energy were worth $6,889,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter worth about $27,000. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Proffitt & Goodson Inc. raised its holdings in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Valley Wealth Managers Inc. acquired a new position in NextEra Energy in the 2nd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Finally, Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.54.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $77.37 on Friday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market cap of $159.10 billion, a PE ratio of 22.89, a P/E/G ratio of 2.78 and a beta of 0.57. The stock has a 50 day moving average price of $81.08 and a 200 day moving average price of $77.64.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 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 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.66%. NextEra Energy’s dividend payout ratio is presently 60.95%.

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.