NextEra Energy, Inc. $NEE Shares Acquired by Greenwood Capital Associates LLC

Key Points

• Greenwood Capital Associates LLC increased its stake in NextEra Energy by 24.1% during the second quarter, holding 97,243 shares valued at approximately $6.75 million.
• NextEra Energy reported a net margin of 22.84% and earnings per share of $1.05 for the last quarter, exceeding expectations while revenue totaled $6.70 billion.
• The company declared a quarterly dividend of $0.5665 per share, yielding 2.9%, with a payout ratio of 79.02% as of the latest assessment.

Greenwood Capital Associates LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,243 shares of the utilities provider's stock after acquiring an additional 18,887 shares during the period. Greenwood Capital Associates LLC's holdings in NextEra Energy were worth $6,751,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Avity Investment Management Inc. grew its holdings in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after purchasing an additional 8,565 shares in the last quarter. Integrity Alliance LLC. grew its holdings in shares of NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of NextEra Energy in the first quarter valued at approximately $783,000. Czech National Bank grew its holdings in shares of NextEra Energy by 6.5% in the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock valued at $34,932,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. grew its holdings in shares of NextEra Energy by 2.0% in the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock valued at $933,000 after purchasing an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock worth $1,539,610 over the last ninety days. Insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 0.7%

NEE stock opened at $78.10 on Friday. 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 firm has a fifty day moving average price of $72.82 and a two-hundred day moving average price of $71.21. The firm has a market cap of $160.83 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.71 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 earnings per share for the quarter, beating the consensus estimate 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 firm earned $0.96 earnings per share. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. NextEra Energy's dividend payout ratio is currently 79.02%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Barclays lifted 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. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average target price of $84.08.

NextEra Energy Company 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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