Pure Financial Advisors LLC Has $597,000 Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Pure Financial Advisors LLC increased its stake in NextEra Energy by 167.3% during the second quarter, holding 8,596 shares valued at $597,000.
• NextEra Energy reported $1.05 earnings per share, surpassing analyst expectations, with a revenue of $6.70 billion for the quarter, marking a 10.4% year-over-year growth.
• The company announced a quarterly dividend of $0.5665 per share, reflecting an annualized payout of $2.27 and a 2.8% dividend yield.

Pure Financial Advisors LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 167.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,596 shares of the utilities provider's stock after acquiring an additional 5,380 shares during the quarter. Pure Financial Advisors LLC's holdings in NextEra Energy were worth $597,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock valued at $1,655,512,000 after buying an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after buying an additional 1,336,259 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after buying an additional 2,815,629 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Up 2.5%

NEE opened at $80.12 on Friday. 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 quick ratio of 0.45 and a current ratio of 0.54. The company has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.69 and a beta of 0.66. The stock has a fifty day moving average of $72.99 and a 200-day moving average of $71.28.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.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 company's revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Insider Buying and Selling

In related news, 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 transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, 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 three months. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NextEra Energy in a report on Saturday, September 27th. Morgan Stanley reaffirmed 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. Finally, Melius Research raised NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.08.

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.