NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Czech National Bank

Czech National Bank raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 418,530 shares of the utilities provider’s stock after acquiring an additional 27,020 shares during the period. Czech National Bank’s holdings in NextEra Energy were worth $35,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proffitt & Goodson Inc. increased its holdings in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. American Capital Advisory LLC increased its holdings in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $33,000. Finally, Neo Ivy Capital Management purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock opened at $85.05 on Friday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $86.10. The firm has a market capitalization of $174.74 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 3.08 and a beta of 0.56. The company has a fifty day simple moving average of $80.55 and a 200-day simple moving average of $73.90. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released 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 business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders 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 dividend yield of 2.42%. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. BMO Capital Markets lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada lifted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” 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 company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $83.07.

Insider Activity

In other 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 transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.