Intech Investment Management LLC Has $5.73 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Intech Investment Management LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 80,969 shares of the utilities provider’s stock after selling 19,339 shares during the period. Intech Investment Management LLC’s holdings in NextEra Energy were worth $5,733,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Aveo Capital Partners LLC raised its holdings in NextEra Energy by 17.7% in the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 1,206 shares during the period. Gryphon Financial Partners LLC raised its stake in NextEra Energy by 49.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after buying an additional 4,046 shares during the period. TrinityPoint Wealth LLC lifted its holdings in NextEra Energy by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after acquiring an additional 507 shares in the last quarter. SageView Advisory Group LLC grew its stake in NextEra Energy by 75.5% in the fourth quarter. SageView Advisory Group LLC now owns 26,471 shares of the utilities provider’s stock valued at $1,569,000 after acquiring an additional 11,385 shares during the period. Finally, TCW Group Inc. grew its stake in NextEra Energy by 231.9% in the fourth quarter. TCW Group Inc. now owns 42,511 shares of the utilities provider’s stock valued at $2,591,000 after acquiring an additional 29,704 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Evercore ISI lifted their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Barclays increased their target price on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Citigroup increased their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.87.

NextEra Energy Stock Up 0.6 %

NextEra Energy stock opened at $82.76 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company’s 50-day moving average is $78.33 and its 200-day moving average is $72.34. The firm has a market capitalization of $170.03 billion, a PE ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $85.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.