Tranquility Partners LLC Boosts Stake in NextEra Energy, Inc. $NEE

Key Points

• Tranquility Partners LLC increased its stake in NextEra Energy, Inc. by 23.8% during Q2, owning 18,013 shares valued at approximately $1.25 million.
• Analysts have raised price targets for NextEra Energy, with BMO Capital Markets setting a target of $81.00 and Evercore ISI at $92.00, reflecting positive sentiment towards the stock.
• Insider trading activity included the sale of shares by Treasurer James Michael May and EVP Charles E. Sieving, indicating a 6.34% and 7.30% decrease in their respective holdings.

Tranquility Partners LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,013 shares of the utilities provider's stock after purchasing an additional 3,463 shares during the period. Tranquility Partners LLC's holdings in NextEra Energy were worth $1,250,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NEE. Brighton Jones LLC boosted its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after buying an additional 298 shares during the period. GAMMA Investing LLC boosted its position in NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after buying an additional 5,949 shares during the period. Net Worth Advisory Group purchased a new position in NextEra Energy in the 1st quarter valued at approximately $207,000. Finally, NorthCrest Asset Manangement LLC boosted its position in NextEra Energy by 3.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 43,295 shares of the utilities provider's stock valued at $3,069,000 after buying an additional 1,642 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an "outperform" rating in a research report on Monday, October 6th. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $85.08.

Insider Buying and Selling at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company's stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock valued at $2,446,490. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE opened at $83.30 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 $86.00. The company has a market capitalization of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.87 and a beta of 0.66. The company has a fifty day moving average of $74.20 and a two-hundred day moving average of $71.74.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) 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 in the prior year, the firm posted $0.96 earnings per share. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid 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 2.7%. NextEra Energy's dividend payout ratio is 79.02%.

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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