NextEra Energy, Inc. $NEE Stake Boosted by Rowlandmiller & PARTNERS.ADV

Key Points

• Rowlandmiller & PARTNERS.ADV increased its stake in NextEra Energy, Inc. by 22.8% during the 2nd quarter, now holding 25,031 shares valued at approximately $1.74 million.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.2% and a payout ratio of 79.37%.
• Analysts have set a average target price of $84.00 for NextEra Energy, with a consensus rating of "Moderate Buy" from ten analysts.

Rowlandmiller & PARTNERS.ADV grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,031 shares of the utilities provider's stock after acquiring an additional 4,650 shares during the period. Rowlandmiller & PARTNERS.ADV's holdings in NextEra Energy were worth $1,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at $35,000. Copia Wealth Management bought a new stake in NextEra Energy in the fourth quarter worth $36,000. Finally, Semmax Financial Advisors Inc. boosted its holdings in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after purchasing an additional 392 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. HSBC decreased their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a report on Thursday, August 21st. Finally, Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

NextEra Energy Stock Up 0.5%

NextEra Energy stock opened at $71.66 on Friday. The firm has a market cap of $147.57 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.46 and a beta of 0.65. 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 $86.10. The firm has a fifty day moving average price of $73.10 and a two-hundred day moving average price of $71.06.

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, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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 business's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio is currently 79.37%.

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 of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a 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 shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,677 shares of company stock valued at $1,415,418. Insiders own 0.20% of the company's stock.

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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