Vega Investment Solutions Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Vega Investment Solutions purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 26,932 shares of the utilities provider’s stock, valued at approximately $1,931,000. NextEra Energy accounts for about 1.6% of Vega Investment Solutions’ holdings, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares during the period. Empower Advisory Group LLC raised its holdings in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares during the period. True North Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth $3,015,000. Brentview Investment Management LLC bought a new position in NextEra Energy in the 4th quarter worth $3,761,000. Finally, Clarendon Private LLC bought a new position in NextEra Energy in the 4th quarter worth $646,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Finally, Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.46.

NextEra Energy Trading Down 6.5%

Shares of NextEra Energy stock opened at $66.92 on Friday. The firm has a market cap of $137.76 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.45 and a beta of 0.69. The business has a 50-day moving average price of $68.63 and a 200-day moving average price of $71.12. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.39%. NextEra Energy’s payout ratio is 84.64%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

NextEra Energy 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.