Farther Finance Advisors LLC Has $4.85 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Farther Finance Advisors LLC increased its stake in NextEra Energy by 39.4%, owning 69,838 shares worth approximately $4.8 million after acquiring additional shares in Q2.
• NextEra Energy reported a Q2 earnings per share of $1.05, exceeding analysts' estimates, but revenue of $6.70 billion fell short of expectations.
• The company announced a quarterly dividend of $0.5665, resulting in an annualized dividend yield of 3.2% and a payout ratio of 79.02%.

Farther Finance Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 39.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,838 shares of the utilities provider's stock after acquiring an additional 19,751 shares during the quarter. Farther Finance Advisors LLC's holdings in NextEra Energy were worth $4,848,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. increased its position in shares of NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock worth $1,140,000 after acquiring an additional 136 shares during the period. Tradition Wealth Management LLC grew its position 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 worth $470,000 after purchasing an additional 143 shares during the last quarter. Cim LLC boosted its holdings in NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Conning Inc. increased its position in NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after buying an additional 160 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of NextEra Energy by 0.5% in the second quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider's stock worth $2,253,000 after acquiring an additional 164 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Finally, Barclays raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40. Following the completion of the sale, the executive vice president owned 10,113 shares of the company's stock, valued at $727,124.70. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,523 shares of company stock valued at $1,476,245 in the last three months. Company insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.25 during trading hours on Friday, hitting $71.04. The stock had a trading volume of 14,817,505 shares, compared to its average volume of 9,260,582. The stock's fifty day moving average is $72.77 and its two-hundred day moving average is $71.07. 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 1-year low of $61.72 and a 1-year high of $86.10. The stock has a market capitalization of $146.29 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.45 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the business posted $0.96 EPS. The company's revenue was up 10.4% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

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.