NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 21,298,642 shares of the utilities provider’s stock after acquiring an additional 143,748 shares during the period. Legal & General Group Plc’s holdings in NextEra Energy were worth $1,508,155,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock worth $579,097,000 after buying an additional 691,341 shares during the period. Nordea Investment Management AB lifted its position in NextEra Energy by 22.3% during the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after purchasing an additional 1,268,900 shares during the period. 1832 Asset Management L.P. boosted its holdings in NextEra Energy by 10.5% in the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after purchasing an additional 629,032 shares during the last quarter. Principal Financial Group Inc. grew its position in NextEra Energy by 7.2% during the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after purchasing an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. grew its position in NextEra Energy by 6.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock worth $423,568,000 after purchasing an additional 388,149 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Scotiabank increased their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.07.

NextEra Energy Trading Down 1.4 %

Shares of NEE stock opened at $83.47 on Friday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $85.56. The company has a market capitalization of $171.49 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.08 and a beta of 0.56. The firm has a 50-day moving average price of $79.37 and a 200 day moving average price of $73.00. 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 (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (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 firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business earned $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors 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 annualized dividend and a yield of 2.47%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s 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 transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.