PDS Planning Inc Acquires 5,935 Shares of NextEra Energy, Inc. $NEE

PDS Planning Inc raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 38.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,505 shares of the utilities provider's stock after buying an additional 5,935 shares during the quarter. PDS Planning Inc's holdings in NextEra Energy were worth $1,493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy in the 1st quarter valued at approximately $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the 1st quarter valued at approximately $35,000. Semmax Financial Advisors Inc. raised 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. Finally, CBIZ Investment Advisory Services LLC raised its holdings in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an "outperform" rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. Morgan Stanley reiterated an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.08.

NextEra Energy Stock Down 0.5%

Shares of NextEra Energy stock opened at $83.30 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market capitalization of $171.54 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00. The company has a 50-day simple moving average of $74.20 and a two-hundred day simple moving average of $71.73.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared 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 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction dated 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 owned 9,267 shares of the company's stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 in the last quarter. Insiders own 0.20% of the company's stock.

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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