Westpac Banking Corp boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 19.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,234 shares of the utilities provider’s stock after acquiring an additional 18,034 shares during the quarter. Westpac Banking Corp’s holdings in NextEra Energy were worth $22,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manchester Financial Inc. bought a new stake in NextEra Energy during the 2nd quarter valued at $26,000. Mackey Komara & Dankovich LLC boosted its holdings in NextEra Energy by 446.4% during the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 625 shares during the last quarter. Ellis Investment Partners LLC purchased a new position in NextEra Energy during the first quarter worth about $32,000. Legacy Advisors LLC boosted its holdings in NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC purchased a new position in NextEra Energy during the first quarter worth about $39,000. Hedge funds and other institutional investors own 75.76% of the company’s stock.

Shares of NextEra Energy stock traded down $0.03 during trading on Tuesday, hitting $215.42. The company’s stock had a trading volume of 1,482,547 shares, compared to its average volume of 1,617,559. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The business’s fifty day moving average price is $209.31. The firm has a market capitalization of $103.72 billion, a P/E ratio of 27.98, a PEG ratio of 3.23 and a beta of 0.22. NextEra Energy Inc has a 52 week low of $164.25 and a 52 week high of $217.18.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the business earned $2.08 EPS. NextEra Energy’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.

Several analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. UBS Group boosted their price target on shares of NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Credit Suisse Group boosted their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Co boosted their price target on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $187.00 to $202.00 in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $212.29.

In related news, Director James L. Robo sold 44,537 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $195.20, for a total value of $8,693,622.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the completion of the transaction, the director now directly owns 18,315 shares in the company, valued at approximately $3,716,113.50. The disclosure for this sale can be found here. Insiders have sold a total of 98,324 shares of company stock worth $19,639,058 over the last three months. 0.48% of the stock is currently owned by insiders.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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