Profund Advisors LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Profund Advisors LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 48.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,446 shares of the utilities provider’s stock after purchasing an additional 36,879 shares during the quarter. Profund Advisors LLC’s holdings in NextEra Energy were worth $8,033,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Merriman Wealth Management LLC purchased a new position in NextEra Energy in the second quarter valued at $206,000. Symmetry Investments LP purchased a new position in shares of NextEra Energy in the 2nd quarter valued at about $5,056,000. Legacy Financial Advisors Inc. raised its holdings in NextEra Energy by 3.5% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 10,104 shares of the utilities provider’s stock worth $715,000 after purchasing an additional 344 shares during the period. Ensign Peak Advisors Inc boosted its position in NextEra Energy by 18.8% during the second quarter. Ensign Peak Advisors Inc now owns 5,121,080 shares of the utilities provider’s stock worth $362,624,000 after purchasing an additional 810,089 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in NextEra Energy by 1.4% in the second quarter. Summit Trail Advisors LLC now owns 24,264 shares of the utilities provider’s stock valued at $1,718,000 after purchasing an additional 343 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.6 %

NYSE NEE opened at $82.76 on Friday. The business’s fifty day simple moving average is $78.33 and its 200-day simple moving average is $72.34. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a market cap 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 52 week low of $47.15 and a 52 week high of $85.56.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date 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 is currently 56.13%.

Insider Activity

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEE. Evercore ISI increased their target price 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. Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday. They set a “hold” rating and a $87.00 price objective on the stock. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. Barclays raised their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Finally, Citigroup boosted their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $81.87.

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.