NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 41.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,586 shares of the utilities provider’s stock after acquiring an additional 8,421 shares during the quarter. Bridges Investment Management Inc.’s holdings in NextEra Energy were worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its stake 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 purchasing an additional 691,341 shares in the last quarter. Nordea Investment Management AB increased its position in shares of NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after acquiring an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of 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 worth $402,774,000 after acquiring an additional 629,032 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after acquiring an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. boosted its stake in NextEra Energy by 6.9% in 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 currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.6 %

NextEra Energy stock opened at $82.76 on Friday. 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, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. The firm’s fifty day simple moving average is $78.33 and its 200-day simple moving average is $72.22. The company has a market capitalization of $170.03 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56.

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 return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the company earned $0.88 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 dividend on an annualized basis and a yield of 2.49%. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday. They set a “hold” rating and a $87.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $81.87.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.