Sycomore Asset Management Acquires 7,548 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sycomore Asset Management raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,889 shares of the utilities provider’s stock after buying an additional 7,548 shares during the period. Sycomore Asset Management’s holdings in NextEra Energy were worth $4,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC increased its stake in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its position in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares during the period. Ancora Advisors LLC lifted its holdings in NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC lifted its holdings in NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after purchasing an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NEE shares. Bank of America boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. 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. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Stock Performance

NEE traded up $0.73 on Thursday, reaching $74.97. The company had a trading volume of 2,163,635 shares, compared to its average volume of 10,891,064. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market cap of $154.17 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.68 and a beta of 0.57. The company’s fifty day moving average is $81.70 and its 200 day moving average is $77.36. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.75%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

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.