Bessemer Group Inc. Purchases 1,267,640 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bessemer Group Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,310,428 shares of the utilities provider’s stock after acquiring an additional 1,267,640 shares during the quarter. NextEra Energy accounts for 1.2% of Bessemer Group Inc.’s holdings, making the stock its 14th biggest position. Bessemer Group Inc. owned approximately 0.36% of NextEra Energy worth $542,434,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich lifted its stake in NextEra Energy by 97,599.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,317,196,332 shares of the utilities provider’s stock valued at $97,735,968,000 after acquiring an additional 1,315,848,115 shares during the last quarter. Norges Bank bought a new stake in NextEra Energy in the fourth quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC lifted its position in shares of NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after buying an additional 30,218,452 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $322,214,000. Finally, Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $166,747,000. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, major shareholder Nextera Energy Inc bought 3,097,524 shares of the stock in a transaction on Friday, October 6th. The shares were acquired at an average price of $24.21 per share, with a total value of $74,991,056.04. Following the acquisition, the insider now directly owns 4,097,524 shares of the company’s stock, valued at approximately $99,201,056.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Guggenheim decreased their target price on shares of NextEra Energy from $73.00 to $65.00 in a research report on Monday, October 9th. Royal Bank of Canada dropped their price target on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. BMO Capital Markets reduced their price target on NextEra Energy from $88.00 to $72.00 and set an “outperform” rating on the stock in a research report on Thursday, September 28th. Finally, Evercore ISI dropped their price objective on NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.31.

NextEra Energy Stock Down 0.1 %

NYSE NEE traded down $0.05 on Monday, reaching $57.32. The company had a trading volume of 2,161,334 shares, compared to its average volume of 9,999,033. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $117.60 billion, a P/E ratio of 15.18, a P/E/G ratio of 2.23 and a beta of 0.54. The company’s fifty day moving average is $58.16 and its 200 day moving average is $67.32. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $88.61.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.08. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.15% and a net margin of 27.82%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 49.47%.

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, coal, and natural gas facilities. 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.