NextEra Energy, Inc. $NEE Position Increased by Sigma Investment Counselors Inc.

Key Points

• Sigma Investment Counselors Inc. increased its position in NextEra Energy by 6.2%, owning 61,457 shares valued at $4,266,000 after acquiring additional shares during the 2nd quarter.
• NextEra Energy's stock has a current price target range from $81.00 to $98.00 as several analysts have upgraded the stock to "buy" or "strong-buy" ratings.
• The company recently announced a quarterly dividend of $0.5665 with a yield of 2.7%, indicating strong returns for shareholders despite fluctuations in stock price.

Sigma Investment Counselors Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,457 shares of the utilities provider's stock after acquiring an additional 3,604 shares during the period. Sigma Investment Counselors Inc.'s holdings in NextEra Energy were worth $4,266,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after buying an additional 5,949 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of NextEra Energy by 5.5% during the first quarter. Exchange Traded Concepts LLC now owns 4,390 shares of the utilities provider's stock valued at $311,000 after buying an additional 228 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of NextEra Energy by 1.6% during the first quarter. Boston Trust Walden Corp now owns 32,004 shares of the utilities provider's stock valued at $2,269,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several research analyst reports. Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. BMO Capital Markets increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday. They issued a "buy" rating and a $98.00 price objective on the stock. Finally, New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.40.

NextEra Energy Stock Down 0.7%

Shares of NextEra Energy stock opened at $84.48 on Friday. The firm has a market cap of $173.97 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66. The stock has a 50-day simple moving average of $75.54 and a 200-day simple moving average of $72.24. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. 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 (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company's stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 in the last three months. 0.20% of the stock is currently owned by company insiders.

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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