GAMMA Investing LLC Has $2.06 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

GAMMA Investing LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,732 shares of the utilities provider’s stock after buying an additional 1,928 shares during the quarter. GAMMA Investing LLC’s holdings in NextEra Energy were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. Border to Coast Pensions Partnership Ltd grew its holdings in shares of NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after purchasing an additional 26,270 shares during the last quarter. Swiss National Bank boosted its stake in shares of NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares during the last quarter. Dillon & Associates Inc. boosted its stake in NextEra Energy by 16.0% in the third quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock valued at $5,042,000 after acquiring an additional 8,184 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $25,801,000. Finally, Magnolia Capital Advisors LLC grew its position in shares of NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after buying an additional 66,982 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NEE shares. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 0.1 %

NEE stock opened at $71.61 on Friday. 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 company has a market capitalization of $147.26 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The business’s 50 day moving average price is $75.38 and its two-hundred day moving average price is $77.34. 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 released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.88%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

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.