Sustainable Insight Capital Management LLC Invests $2.10 Million in NextEra Energy, Inc. (NYSE:NEE)

Sustainable Insight Capital Management LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 29,700 shares of the utilities provider’s stock, valued at approximately $2,103,000. NextEra Energy comprises 1.1% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after buying an additional 8,949 shares during the period. Aveo Capital Partners LLC increased its holdings in shares of NextEra Energy by 17.7% in the 4th quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after acquiring an additional 1,206 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in NextEra Energy by 49.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after purchasing an additional 4,046 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of NextEra Energy in the 4th quarter valued at $2,409,000. Finally, Principal Street Partners LLC grew its position in shares of NextEra Energy by 5.5% in the 4th quarter. Principal Street Partners LLC now owns 8,236 shares of the utilities provider’s stock valued at $500,000 after buying an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Morgan Stanley boosted their target price on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.50.

NextEra Energy Stock Down 0.4 %

NEE opened at $79.98 on Friday. The company has a market cap of $164.32 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $82.14. The business’s fifty day moving average is $76.13 and its two-hundred day moving average is $70.30.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $0.88 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

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.