Cromwell Holdings LLC Has $347,000 Holdings in NextEra Energy, Inc. $NEE

Key Points

• Cromwell Holdings LLC increased its stake in NextEra Energy, Inc. by 291.5% in Q2, now owning 4,995 shares valued at $347,000.
• Several institutional investors have recently purchased shares, resulting in 78.72% of the company’s stock being held by these entities.
• NextEra Energy reported a strong Q2, beating earnings expectations with an EPS of $1.05, but its revenue of $6.70 billion fell short of analyst estimates.

Cromwell Holdings LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 291.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,995 shares of the utilities provider's stock after buying an additional 3,719 shares during the quarter. Cromwell Holdings LLC's holdings in NextEra Energy were worth $347,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy during the first quarter worth approximately $32,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter worth approximately $35,000. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus price target of $84.08.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,369 shares of company stock valued at $1,539,610. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $78.10 on Friday. The business's 50-day moving average price is $72.82 and its 200-day moving average price is $71.21. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a market capitalization of $160.83 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.71 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the firm posted $0.96 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.02%.

NextEra Energy Company 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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.