Umpqua Bank Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Umpqua Bank grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,925 shares of the utilities provider’s stock after buying an additional 967 shares during the period. Umpqua Bank’s holdings in NextEra Energy were worth $1,128,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NEE. Parcion Private Wealth LLC boosted its position in shares of NextEra Energy by 13.0% in the 2nd quarter. Parcion Private Wealth LLC now owns 5,735 shares of the utilities provider’s stock worth $406,000 after purchasing an additional 659 shares in the last quarter. Stonebrook Private Inc. purchased a new position in NextEra Energy during the second quarter valued at $673,000. Loudon Investment Management LLC bought a new stake in NextEra Energy in the second quarter worth $234,000. Chicago Capital LLC grew its stake in shares of NextEra Energy by 11.3% in the second quarter. Chicago Capital LLC now owns 5,419 shares of the utilities provider’s stock worth $384,000 after acquiring an additional 548 shares during the last quarter. Finally, EFG Asset Management Americas Corp. increased its holdings in shares of NextEra Energy by 39.3% during the second quarter. EFG Asset Management Americas Corp. now owns 14,694 shares of the utilities provider’s stock valued at $1,040,000 after acquiring an additional 4,145 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Evercore ISI increased their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Barclays lifted their target price on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Stock Performance

NEE opened at $79.98 on Friday. The company’s 50 day moving average is $76.13 and its 200 day moving average is $70.40. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market cap of $164.32 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $82.14.

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, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the company posted $0.88 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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,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.