V Square Quantitative Management LLC Has $1.55 Million Position in NextEra Energy, Inc. (NYSE:NEE)

V Square Quantitative Management LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,274 shares of the utilities provider’s stock after buying an additional 2,593 shares during the quarter. V Square Quantitative Management LLC’s holdings in NextEra Energy were worth $1,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at $33,000. Family Firm Inc. acquired a new position in NextEra Energy in the 2nd quarter valued at $40,000. Finally, Bbjs Financial Advisors LLC bought a new position in NextEra Energy during the 2nd quarter worth $43,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NEE shares. BMO Capital Markets boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Barclays boosted their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $83.07.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE traded down $0.11 during midday trading on Friday, hitting $83.67. The company’s stock had a trading volume of 904,374 shares, compared to its average volume of 10,750,598. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a one year low of $50.95 and a one year high of $86.10. The stock has a market capitalization of $171.90 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company’s fifty day simple moving average is $81.67 and its two-hundred day simple moving average is $75.29.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the business posted $0.88 earnings per share. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

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.