Apollon Wealth Management LLC Raises Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Apollon Wealth Management LLC increased its holdings in NextEra Energy, Inc. by 3.1% during the second quarter, now owning 174,072 shares valued at approximately $12.08 million.
• NextEra Energy reported earnings of $1.05 EPS for the last quarter, exceeding analysts' expectations of $1.01, despite a revenue of $6.70 billion which fell short of the anticipated $7.52 billion.
• NextEra Energy's recent dividend was $0.5665 per share, leading to an annualized dividend yield of 2.7% and a payout ratio of 79.37%.

Apollon Wealth Management LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,072 shares of the utilities provider's stock after acquiring an additional 5,213 shares during the period. Apollon Wealth Management LLC's holdings in NextEra Energy were worth $12,084,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC raised its position in NextEra Energy by 1.6% in the second quarter. Fifth Third Wealth Advisors LLC now owns 70,812 shares of the utilities provider's stock worth $4,916,000 after acquiring an additional 1,117 shares during the period. Financial Connections Group Inc. raised its position in NextEra Energy by 82.3% in the second quarter. Financial Connections Group Inc. now owns 1,329 shares of the utilities provider's stock worth $92,000 after acquiring an additional 600 shares during the period. Benson Investment Management Company Inc. raised its position in NextEra Energy by 12.6% in the second quarter. Benson Investment Management Company Inc. now owns 70,305 shares of the utilities provider's stock worth $4,881,000 after acquiring an additional 7,865 shares during the period. Trust Co. of Toledo NA OH raised its position in NextEra Energy by 1.2% in the second quarter. Trust Co. of Toledo NA OH now owns 68,872 shares of the utilities provider's stock worth $4,781,000 after acquiring an additional 791 shares during the period. Finally, Drucker Wealth 3.0 LLC raised its position in NextEra Energy by 234.1% in the second quarter. Drucker Wealth 3.0 LLC now owns 21,552 shares of the utilities provider's stock worth $1,587,000 after acquiring an additional 15,102 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $83.30 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market cap of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.88 and a beta of 0.66. The firm's fifty day moving average is $74.20 and its two-hundred day moving average is $71.73. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period last year, the company posted $0.96 EPS. The business's revenue was up 10.4% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an "outperform" rating in a research report on Monday. Weiss Ratings restated a "hold (c)" rating on shares of NextEra Energy in a research report on Saturday, September 27th. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.08.

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value 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 $694,098.30. This trade represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.20% of the company's stock.

NextEra Energy Profile

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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