United Services Automobile Association Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

United Services Automobile Association raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 334,905 shares of the utilities provider’s stock after buying an additional 29,463 shares during the period. United Services Automobile Association’s holdings in NextEra Energy were worth $42,992,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Dowling & Yahnke LLC increased its position in shares of NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares during the period. Genesee Valley Trust Co. increased its position in shares of NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares during the period. Beese Fulmer Investment Management Inc. increased its position in shares of NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares during the period. Regentatlantic Capital LLC increased its position in shares of NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its position in shares of NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares during the period. Institutional investors own 76.97% of the company’s stock.

NextEra Energy, Inc. (NYSE NEE) opened at 146.57 on Wednesday. The stock has a market cap of $68.78 billion, a price-to-earnings ratio of 16.79 and a beta of 0.32. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $147.22. The stock’s 50 day moving average price is $142.09 and its 200-day moving average price is $133.79.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.

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Several brokerages recently weighed in on NEE. UBS AG reiterated a “buy” rating and issued a $143.00 price target (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $150.00 price objective (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $148.18.

In related news, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the transaction, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The disclosure for this sale can be found here. In the last three months, insiders sold 66,111 shares of company stock worth $9,036,943. Corporate insiders own 0.53% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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