Blake Schutter Theil Wealth Advisors LLC has increased its investment in NextEra Energy, Inc. (NYSE: NEE) by 5.1% during the second quarter of 2023, according to Holdings Channel. The firm now owns 6,197 shares of the energy provider’s stock, having acquired an additional 300 shares in that period, bringing the total value of its holdings to approximately $430,000 as reported in its latest SEC filing.
Several other large investors have also adjusted their positions in NextEra Energy. Notably, GQG Partners LLC expanded its stake by 58.4% during the first quarter, now holding 17,236,502 shares valued at $1.22 billion after acquiring 6,352,798 shares over the last quarter. Similarly, Charles Schwab Investment Management Inc. increased its stake by 20.7%, now owning 16,446,413 shares worth $1.17 billion following the addition of 2,815,629 shares.
Amundi and Boston Partners also enhanced their holdings in NextEra Energy. Amundi’s stake grew by 27.8%, resulting in ownership of 12,200,990 shares valued at $878.4 million, while Boston Partners increased their stake by 55.3%, bringing total ownership to 5,300,839 shares valued at $374.6 million. Institutional investors now hold 78.72% of NextEra Energy’s total stock.
NextEra Energy’s Market Performance
Shares of NextEra Energy opened at $84.42 on Friday, October 13, 2023. The company’s stock has fluctuated between a 12-month low of $61.72 and a high of $86.74. NextEra Energy boasts a market capitalization of approximately $173.85 billion, with a price-to-earnings (PE) ratio of 29.52 and a beta of 0.66. The company has a 50-day moving average of $76.64 and a 200-day moving average of $72.84, indicating strong price trends.
NextEra Energy also recently announced a quarterly dividend of $0.5665, set to be paid on December 15, 2023. This dividend will be issued to shareholders of record as of November 21, 2023, representing an annualized dividend yield of 2.7% and a payout ratio of 79.37%.
Insider Transactions and Analyst Ratings
In recent insider trading activities, Executive Vice President Charles E. Sieving sold 11,336 shares at an average price of $80.00 on October 3, 2023, totaling $906,880. Following this transaction, Sieving holds 167,481 shares valued at approximately $13.4 million. Similarly, EVP Mark Lemasney sold 846 shares at an average price of $74.90 on September 25, 2023, equating to $63,365.40. Insiders have sold a total of 30,528 shares over the past three months, valued at about $2.28 million.
Wall Street analysts have expressed optimism regarding NextEra Energy. TD Cowen initiated coverage with a buy rating and a target price of $98.00 on October 16, 2023. Other analysts, including JPMorgan Chase & Co., have raised their target prices, with JPMorgan adjusting its rating from $86.00 to $87.00. According to data from MarketBeat, NextEra Energy currently holds an average rating of Moderate Buy, with a consensus target price of $88.38.
NextEra Energy, through its subsidiaries, is a leading provider of electric power across North America, generating electricity through various sources, including wind, solar, and nuclear. The company continues to expand its clean energy initiatives while maintaining a strong market position.
