NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by First Merchants Corp

First Merchants Corp boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,268 shares of the utilities provider’s stock after acquiring an additional 3,820 shares during the period. First Merchants Corp’s holdings in NextEra Energy were worth $6,817,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. boosted its holdings in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Clear Investment Research LLC boosted its holdings in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares in the last quarter. American Capital Advisory LLC boosted its stake in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.9 %

NEE traded up $0.74 during trading on Friday, hitting $79.66. The company’s stock had a trading volume of 5,052,935 shares, compared to its average volume of 11,233,079. The firm’s 50 day moving average price is $74.56 and its 200-day moving average price is $68.75. 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 stock has a market cap of $163.66 billion, a PE ratio of 21.71, a PEG ratio of 2.84 and a beta of 0.54. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.56.

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

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.59%. NextEra Energy’s payout ratio is 56.13%.

Insider Transactions at NextEra Energy

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

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. Barclays boosted their price target on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Morgan Stanley boosted their price target on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. BMO Capital Markets boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

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.