NextEra Energy, Inc. (NYSE:NEE) Position Boosted by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,216,077 shares of the utilities provider’s stock after buying an additional 26,270 shares during the period. NextEra Energy accounts for approximately 2.1% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 9th largest holding. Border to Coast Pensions Partnership Ltd’s holdings in NextEra Energy were worth $102,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NEE. Sycomore Asset Management increased its position in shares of NextEra Energy by 0.3% in the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after buying an additional 131 shares in the last quarter. BCK Partners Inc. boosted its stake in shares of NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after buying an additional 135 shares during the last quarter. Zhang Financial LLC boosted its stake in shares of NextEra Energy by 3.0% during the 3rd quarter. Zhang Financial LLC now owns 4,562 shares of the utilities provider’s stock worth $386,000 after buying an additional 135 shares during the last quarter. Renasant Bank boosted its stake in shares of NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after buying an additional 142 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its stake in NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.46 during trading hours on Monday, reaching $83.92. The company had a trading volume of 2,817,988 shares, compared to its average volume of 10,748,239. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The firm has a market cap of $172.42 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.92 and a beta of 0.56. The firm’s 50 day moving average price is $81.81 and its 200-day moving average price is $75.61.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.45%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NEE. Barclays raised their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets upped their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.46.

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.