Ninepoint Partners LP Has $1.26 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ninepoint Partners LP grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the second quarter, Holdings Channel.com reports. The firm owned 17,807 shares of the utilities provider’s stock after acquiring an additional 1,039 shares during the quarter. Ninepoint Partners LP’s holdings in NextEra Energy were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Susquehanna International Group Ltd. acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $407,000. Legal & General Group Plc raised its holdings in shares of NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of NextEra Energy by 62.0% in the second quarter. Mackenzie Financial Corp now owns 866,995 shares of the utilities provider’s stock valued at $61,392,000 after buying an additional 331,857 shares in the last quarter. MBB Public Markets I LLC grew its stake in shares of NextEra Energy by 1,206.5% in the second quarter. MBB Public Markets I LLC now owns 144,638 shares of the utilities provider’s stock valued at $10,242,000 after buying an additional 133,567 shares in the last quarter. Finally, Daymark Wealth Partners LLC grew its stake in shares of NextEra Energy by 11.2% in the second quarter. Daymark Wealth Partners LLC now owns 43,183 shares of the utilities provider’s stock valued at $3,058,000 after buying an additional 4,352 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NEE shares. Bank of America raised their target price 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. Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Barclays raised their target price 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, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.07.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Up 1.3 %

Shares of NextEra Energy stock opened at $84.53 on Friday. The firm has a 50-day moving average of $79.62 and a 200-day moving average of $73.18. The stock has a market cap of $173.67 billion, a PE ratio of 23.03, a PEG ratio of 3.08 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. 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 (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the business posted $0.88 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

NextEra Energy 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.