Elser Financial Planning Inc purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,988 shares of the utilities provider's stock, valued at approximately $298,000.
A number of other institutional investors have also made changes to their positions in NEE. Baron Silver Stevens Financial Advisors LLC boosted its stake in NextEra Energy by 6.7% during the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 15,101 shares of the utilities provider's stock valued at $1,048,000 after purchasing an additional 946 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in shares of NextEra Energy by 54.7% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 12,309 shares of the utilities provider's stock valued at $854,000 after acquiring an additional 4,352 shares during the period. Moss Adams Wealth Advisors LLC grew its stake in shares of NextEra Energy by 25.5% in the second quarter. Moss Adams Wealth Advisors LLC now owns 8,104 shares of the utilities provider's stock worth $563,000 after acquiring an additional 1,648 shares during the last quarter. GC Wealth Management RIA LLC grew its stake in shares of NextEra Energy by 586.3% in the second quarter. GC Wealth Management RIA LLC now owns 21,233 shares of the utilities provider's stock worth $1,474,000 after acquiring an additional 18,139 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in NextEra Energy by 1.7% during the second quarter. V Square Quantitative Management LLC now owns 18,730 shares of the utilities provider's stock worth $1,300,000 after acquiring an additional 309 shares during the period. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Trading Up 1.6%
Shares of NEE stock opened at $75.84 on Monday. The company has a market capitalization of $156.18 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.61 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average price of $72.63 and a 200 day moving average price of $71.07.
NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.
Insiders Place Their Bets
In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,369 shares of company stock valued at $1,539,610. 0.18% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have issued reports on NEE. BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target on the stock. HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $84.08.
Check Out Our Latest Stock Report on NextEra Energy
About NextEra Energy
(
Free Report)
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.
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