Montgomery Investment Management Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,610 shares of the utilities provider’s stock after purchasing an additional 810 shares during the period. Montgomery Investment Management Inc.’s holdings in NextEra Energy were worth $2,187,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Genesee Valley Trust Co. raised its stake in NextEra Energy by 0.3% during the 1st quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock worth $402,000 after buying an additional 10 shares during the period. Day & Ennis LLC raised its stake in NextEra Energy by 0.6% during the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after buying an additional 14 shares during the period. Paragon Capital Management LLC raised its stake in NextEra Energy by 0.3% during the 1st quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock worth $686,000 after buying an additional 15 shares during the period. Farmers & Merchants Investments Inc. raised its stake in NextEra Energy by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after buying an additional 15 shares during the period. Finally, Comerica Securities Inc. raised its stake in NextEra Energy by 1.3% during the 1st quarter. Comerica Securities Inc. now owns 1,890 shares of the utilities provider’s stock worth $243,000 after buying an additional 25 shares during the period. Institutional investors own 75.41% of the company’s stock.

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co assumed coverage on NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $151.15.

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Shares of NextEra Energy, Inc. (NYSE NEE) opened at 146.36 on Monday. The company’s 50 day moving average price is $148.97 and its 200-day moving average price is $139.72. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60. The stock has a market capitalization of $68.68 billion, a P/E ratio of 16.76 and a beta of 0.33.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.9825 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.69%. NextEra Energy’s payout ratio is currently 45.02%.

In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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