Decade Renewable Partners LP Acquires 12,364 Shares of NextEra Energy, Inc. (NYSE:NEE)

Decade Renewable Partners LP increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,500 shares of the utilities provider’s stock after acquiring an additional 12,364 shares during the quarter. NextEra Energy makes up about 2.8% of Decade Renewable Partners LP’s holdings, making the stock its 15th largest position. Decade Renewable Partners LP’s holdings in NextEra Energy were worth $5,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Proffitt & Goodson Inc. boosted its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Clear Investment Research LLC grew its position in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $33,000. Finally, American Capital Advisory LLC raised its holdings in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Evercore ISI upped their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays upped 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, Royal Bank of Canada lifted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $82.07.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $84.62 on Thursday. The stock has a market cap of $173.85 billion, a P/E ratio of 23.06, a PEG ratio of 3.08 and a beta of 0.56. 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 business’s 50-day moving average price is $78.86 and its two-hundred day moving average price is $72.84. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $85.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping 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 company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. 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 2.43%. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.