NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Senator Investment Group LP

Senator Investment Group LP grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5,094.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,019,629 shares of the utilities provider’s stock after acquiring an additional 1,000,000 shares during the quarter. NextEra Energy comprises approximately 3.5% of Senator Investment Group LP’s holdings, making the stock its 6th largest position. Senator Investment Group LP’s holdings in NextEra Energy were worth $72,200,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Proffitt & Goodson Inc. lifted its holdings in shares of 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 buying an additional 144 shares during the period. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the period. Clear Investment Research LLC raised its holdings 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 purchasing an additional 364 shares in the last quarter. American Capital Advisory LLC raised 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. Finally, Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Evercore ISI raised their price target 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. raised their price target 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. Scotiabank raised 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 note on Tuesday, August 20th. 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, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.35 during midday trading on Friday, reaching $79.98. 8,181,470 shares of the company’s stock were exchanged, compared to its average volume of 11,005,735. The company’s 50 day simple moving average is $76.13 and its two-hundred day simple moving average is $70.40. The firm has a market capitalization of $164.32 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $82.14. 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 released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the firm earned $0.88 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s payout ratio is 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.