NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Covenant Partners LLC

Covenant Partners LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,386 shares of the utilities provider’s stock after acquiring an additional 219 shares during the quarter. Covenant Partners LLC’s holdings in NextEra Energy were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NEE. M&G Plc acquired a new position in NextEra Energy in the first quarter valued at approximately $303,065,000. International Assets Investment Management LLC grew its stake in NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after buying an additional 3,817,037 shares during the last quarter. Zimmer Partners LP increased its position in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. lifted its stake in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after buying an additional 2,309,876 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after acquiring an additional 2,250,500 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NYSE:NEE traded down $1.38 during trading hours on Friday, reaching $81.43. 6,581,101 shares of the company’s stock were exchanged, compared to its average volume of 10,733,501. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $167.30 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The business’s 50-day simple moving average is $82.36 and its two-hundred day simple moving average is $76.12.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. 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 2.53%. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $86.54.

Insider Transactions at NextEra Energy

In other NextEra Energy 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 transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

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.