Narwhal Capital Management Buys 28,057 Shares of NextEra Energy, Inc. $NEE

Narwhal Capital Management lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,893 shares of the utilities provider's stock after buying an additional 28,057 shares during the period. NextEra Energy comprises 1.0% of Narwhal Capital Management's portfolio, making the stock its 24th biggest holding. Narwhal Capital Management's holdings in NextEra Energy were worth $12,488,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. GQG Partners LLC lifted its stake in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares during the period. Amundi lifted its stake in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after purchasing an additional 2,657,438 shares during the period. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Finally, Boston Partners lifted its stake in NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock worth $374,639,000 after purchasing an additional 1,886,999 shares during the period. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of analyst reports. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an "outperform" rating in a research note on Monday. Morgan Stanley restated an "overweight" rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NextEra Energy in a report on Saturday, September 27th. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $85.08.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.06 on Thursday. The firm has a 50 day simple moving average of $73.69 and a 200 day simple moving average of $71.53. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The firm has a market cap of $173.10 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.87 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. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 79.02%.

About NextEra Energy

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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