NextEra Energy, Inc. $NEE Stock Position Boosted by Astoria Portfolio Advisors LLC.

Key Points

• Astoria Portfolio Advisors LLC increased its stake in NextEra Energy by 125.8% in Q2, bringing its holdings to 15,943 shares valued at $1.15 million.
• NextEra Energy's stock analysts have set an average price target of $85.08, with ratings showing 1 Strong Buy, 10 Buy, and 4 Hold options.
• The company announced a quarterly dividend of $0.5665, yielding 2.7%, with a payout ratio currently at 79.37%.

Astoria Portfolio Advisors LLC. boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 125.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,943 shares of the utilities provider's stock after buying an additional 8,883 shares during the period. Astoria Portfolio Advisors LLC.'s holdings in NextEra Energy were worth $1,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avity Investment Management Inc. grew its position in NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after buying an additional 8,565 shares in the last quarter. Integrity Alliance LLC. grew its position in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after buying an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new position in NextEra Energy in the 1st quarter valued at about $783,000. Czech National Bank grew its position in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock valued at $34,932,000 after buying an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. lifted its holdings in NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock valued at $933,000 after acquiring an additional 263 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Barclays upped their price target 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. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. HSBC cut their price target 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. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Finally, Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.08.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock valued at $2,446,490 in the last ninety days. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NEE opened at $83.30 on Monday. The company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business's 50-day moving average is $74.20 and its 200-day moving average is $71.75.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

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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