Chicago Capital LLC buys 548 shares of NextEra Energy, Inc. (NYSE:NEE)

Chicago Capital LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 11.3% during the second quarter, Holdings Channel.com reports. The fund owned 5,419 shares of the utilities provider’s stock after acquiring an additional 548 shares during the quarter. Chicago Capital LLC’s holdings in NextEra Energy were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock worth $2,173,000 after buying an additional 8,949 shares during the period. Aveo Capital Partners LLC boosted its stake in NextEra Energy by 17.7% in the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 1,206 shares during the period. Gryphon Financial Partners LLC raised its position in shares of NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after purchasing an additional 4,046 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in NextEra Energy by 56.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 20,027 shares of the utilities provider’s stock, valued at $1,216,000. after buying an additional 7,247 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in NextEra Energy by 25.4% in the 4th quarter. QRG Capital Management Inc. now owns 156,984 shares of the utilities provider’s stock worth $9,535,000 after buying an additional 31,818 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s shares.

NextEra Energy stock fell 0.4%

Shares of NEE stock opened at $79.98 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49, and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. it has a 52 week low of $47.15 and a 52 week high of $82.14. The company has a market cap of $164.32 billion, a PE ratio of 21.79, a P/E/G ratio of 2.92 and a beta of 0.56. The company has a fifty day moving average of $76.13 and a 200 day moving average of $70.40.

NextEra Energy (NYSE:NEE – Get Your Free Report ) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. In the same quarter last year, the business earned $0.88 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. to post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, August 30. This represents an annualized dividend of $2.06 and a dividend yield of 2.58%. NextEra Energy’s payout ratio is 56.13%.

The Wall Street analyst weighs in

Several research firms recently issued reports on NEE. Bank of America lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price objective 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. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12. Finally, Evercore ISI boosted their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” 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. NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $81.50, according to data from MarketBeat.

Read NextEra Energy’s latest stock report

Insider buying and selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. 0.18% of shares are owned by corporate insiders.

NextEra Energy Profile

(Free report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, natural gas and other clean energies. It also develops, builds and operates long-term contracted assets consisting of clean energy solutions such as renewable generation facilities, battery storage projects and electric transmission facilities; sells energy products; and owns, develops, builds, manages and operates electricity generation facilities in wholesale energy markets.

Further reading

Want to see what other hedge funds own NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for NextEra Energy, Inc. (NYSE:NEE – Free Report).

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