Highbridge Capital Management LLC Has $3.12 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Highbridge Capital Management LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 89.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,000 shares of the utilities provider’s stock after selling 383,100 shares during the quarter. Highbridge Capital Management LLC’s holdings in NextEra Energy were worth $3,116,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEE. Lokken Investment Group LLC increased its holdings in shares of NextEra Energy by 8.7% in the second quarter. Lokken Investment Group LLC now owns 22,607 shares of the utilities provider’s stock valued at $1,601,000 after purchasing an additional 1,804 shares during the last quarter. CCLA Investment Management lifted its stake in shares of NextEra Energy by 1.2% during the 2nd quarter. CCLA Investment Management now owns 1,238,177 shares of the utilities provider’s stock worth $90,858,000 after buying an additional 14,157 shares during the last quarter. Waterloo Capital L.P. boosted its holdings in shares of NextEra Energy by 10.3% during the 2nd quarter. Waterloo Capital L.P. now owns 13,401 shares of the utilities provider’s stock worth $949,000 after buying an additional 1,254 shares during the period. O Brien Greene & Co. Inc grew its stake in NextEra Energy by 4.1% in the 2nd quarter. O Brien Greene & Co. Inc now owns 92,336 shares of the utilities provider’s stock valued at $6,538,000 after buying an additional 3,635 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in NextEra Energy by 18.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 193,651 shares of the utilities provider’s stock valued at $13,589,000 after acquiring an additional 30,272 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several research reports. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Scotiabank lifted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Royal Bank of Canada raised their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Stock Down 0.8 %

NYSE NEE opened at $84.28 on Thursday. The business has a fifty day moving average price of $78.05 and a two-hundred day moving average price of $71.95. The stock has a market capitalization of $173.16 billion, a PE ratio of 22.96, a PEG ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the company earned $0.88 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

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.