Envestnet Portfolio Solutions Inc. Has $18.93 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in NextEra Energy by 1.9% in Q2, owning 272,659 shares valued at approximately $18.93 million.
• Insider activity was notable, with executives Michael Dunne and Mark Lemasney selling substantial shares, resulting in a reported 32,705 shares sold over the last three months.
• Analysts have recently set a consensus target price of $85.08 for NextEra Energy, indicating mixed sentiments with some upgraded ratings and varying price targets from several financial institutions.

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 272,659 shares of the utilities provider's stock after buying an additional 5,059 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in NextEra Energy were worth $18,928,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of NEE. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter worth about $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $32,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy during the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after purchasing an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew 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 purchasing an additional 366 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction on Thursday, September 25th. The shares were 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 in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 over the last three months. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.08.

NextEra Energy Trading Down 0.5%

NYSE:NEE opened at $83.30 on Monday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.66. The firm has a fifty day simple moving average of $74.20 and a two-hundred day simple moving average of $71.75.

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

NextEra Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy's payout ratio is currently 79.37%.

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.

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