Gladwyn Financial Advisors Inc. Takes $627,000 Position in NextEra Energy, Inc. $NEE

Key Points

• Gladwyn Financial Advisors Inc. has acquired a new position in NextEra Energy, Inc. valued at approximately $627,000, making it the firm's 29th largest holding.
• Multiple institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have significantly increased their stakes in NextEra Energy, indicating strong institutional interest in the company.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, providing shareholders with an annualized yield of 2.7%.

Gladwyn Financial Advisors Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,032 shares of the utilities provider's stock, valued at approximately $627,000. NextEra Energy comprises approximately 0.5% of Gladwyn Financial Advisors Inc.'s portfolio, making the stock its 29th largest holding.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares during the last quarter. Northern Trust Corp raised its stake in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock valued at $1,655,512,000 after acquiring an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares in the last quarter. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Mark Lemasney sold 846 shares of the business's 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 owned 9,267 shares of the company's stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 over the last ninety days. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEE. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an "outperform" rating in a report on Monday, October 6th. Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, TD Cowen began coverage on shares of NextEra Energy in a report on Thursday. They issued a "buy" rating and a $98.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.40.

NextEra Energy Price Performance

NEE opened at $84.48 on Friday. The company has a fifty day moving average price of $75.54 and a two-hundred day moving average price of $72.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The firm has a market capitalization of $173.97 billion, a PE ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results 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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

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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