Schwab Charles Investment Management Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,454,824 shares of the utilities provider’s stock after buying an additional 66,576 shares during the period. Schwab Charles Investment Management Inc.’s holdings in NextEra Energy were worth $186,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Wellington Management Group LLP boosted its position in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares in the last quarter. FMR LLC boosted its position in NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares in the last quarter. Geode Capital Management LLC boosted its position in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares in the last quarter. 76.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NextEra Energy, Inc. (NYSE NEE) traded down 0.37% during mid-day trading on Friday, hitting $147.18. The company had a trading volume of 1,271,479 shares. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $148.30. The firm has a market capitalization of $69.06 billion, a price-to-earnings ratio of 16.86 and a beta of 0.32. The firm has a 50-day moving average price of $143.37 and a 200 day moving average price of $135.07.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.

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A number of research analysts have recently commented on NEE shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Barclays PLC reaffirmed an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Finally, UBS AG reaffirmed a “buy” rating and set a $143.00 target price (up previously from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $148.64.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders sold a total of 90,431 shares of company stock valued at $12,692,378 in the last quarter. 0.53% of the stock is owned by insiders.

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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