Harrell Investment Partners LLC Grows Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Harrell Investment Partners LLC increased its stake in NextEra Energy by 13.4% during Q2, owning 35,449 shares valued at approximately $2.46 million.
• Various institutional investors have been active with NextEra Energy, with holdings totaling 78.72% of the company's stock, indicating strong institutional interest.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, representing a 3.1% yield and a payout ratio of 79.37%.

Harrell Investment Partners LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,449 shares of the utilities provider's stock after buying an additional 4,176 shares during the period. Harrell Investment Partners LLC's holdings in NextEra Energy were worth $2,461,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. increased its holdings in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc increased its holdings in NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 140 shares during the period. Tradition Wealth Management LLC increased its holdings in NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after purchasing an additional 143 shares during the period. Conning Inc. increased its holdings in NextEra Energy by 1.1% during the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in NextEra Energy by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider's stock valued at $2,253,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NEE. Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. BMO Capital Markets upped their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Finally, Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

Insiders Place Their Bets

In related news, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,523 shares of company stock valued at $1,476,245. Insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE opened at $73.78 on Thursday. 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 business's 50 day moving average price is $72.64 and its 200-day moving average price is $71.09. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market cap of $151.94 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.49 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly 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 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 analysts' expectations of $7.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. 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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