Mercer Global Advisors Inc. ADV Buys 7,828 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mercer Global Advisors Inc. ADV increased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,770 shares of the utilities provider’s stock after purchasing an additional 7,828 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in NextEra Energy were worth $18,465,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NEE. M&G Plc bought a new stake in shares of NextEra Energy in the first quarter valued at about $303,065,000. Zimmer Partners LP raised its holdings in shares of NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after purchasing an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of NextEra Energy by 400.7% in the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after purchasing an additional 2,250,500 shares during the period. Raymond James & Associates boosted its stake in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. Finally, Capital World Investors purchased a new position in NextEra Energy during the fourth quarter valued at approximately $114,953,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. BMO Capital Markets increased their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Evercore ISI boosted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

NextEra Energy Price Performance

Shares of NEE opened at $84.28 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company’s fifty day moving average price is $78.05 and its 200-day moving average price is $71.95. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. The firm has a market capitalization of $173.16 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the company earned $0.88 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.44%. The ex-dividend date 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.