Xcel Wealth Management LLC Purchases 8,458 Shares of NextEra Energy, Inc. $NEE

Key Points

• Xcel Wealth Management LLC increased its holdings in NextEra Energy by 13.2%, acquiring an additional 8,458 shares, which brought its total ownership to 72,692 shares valued at approximately $5 million.
• NextEra Energy reported a quarterly earnings per share of $1.05, surpassing analysts' expectations of $1.01, while its revenue for the quarter amounted to $6.70 billion, below the forecast of $7.52 billion.
• The company declared a quarterly dividend of $0.5665, resulting in an annualized dividend of $2.27 and a yield of 3.1%, with a payout ratio of 79.37%.

Xcel Wealth Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,692 shares of the utilities provider's stock after acquiring an additional 8,458 shares during the period. NextEra Energy makes up approximately 1.4% of Xcel Wealth Management LLC's portfolio, making the stock its 18th largest position. Xcel Wealth Management LLC's holdings in NextEra Energy were worth $5,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NextEra Energy by 20.7% during 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 acquiring an additional 2,815,629 shares during the last quarter. Amundi grew its stake in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after acquiring an additional 2,657,438 shares during the period. GAMMA Investing LLC raised its holdings in shares of NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock valued at $174,286,000 after purchasing an additional 2,429,804 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $73.78 on Thursday. 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 50-day simple moving average of $72.64 and a two-hundred day simple moving average of $71.09. The firm has a market capitalization of $151.94 billion, a PE ratio of 25.80, a P/E/G ratio of 2.49 and a beta of 0.65. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. 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 3.1%. NextEra Energy's dividend payout ratio is 79.37%.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the 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 sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president owned 10,113 shares in the company, valued at $727,124.70. The trade was a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,523 shares of company stock valued at $1,476,245 over the last 90 days. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. Finally, Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $84.00.

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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