Crescent Grove Advisors LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,700 shares of the utilities provider’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Genesee Valley Trust Co. raised its stake in shares of NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 10 shares in the last quarter. Day & Ennis LLC raised its stake in shares of NextEra Energy by 0.6% in the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 14 shares in the last quarter. Paragon Capital Management LLC raised its stake in shares of NextEra Energy by 0.3% in the first quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of NextEra Energy by 0.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 15 shares in the last quarter. Finally, Comerica Securities Inc. raised its stake in shares of NextEra Energy by 1.3% in the first quarter. Comerica Securities Inc. now owns 1,890 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.

In other news, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction 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 approximately $2,817,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold a total of 63,385 shares of company stock valued at $9,314,382 in the last three months. 0.53% of the stock is owned by insiders.

Several research analysts have issued reports on the company. KeyCorp reiterated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley increased their price objective on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. BMO Capital Markets reiterated a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, 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 objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average price target of $151.33.

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Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 146.25 on Thursday. The stock has a 50 day moving average price of $148.97 and a 200-day moving average price of $139.72. The firm has a market capitalization of $68.63 billion, a price-to-earnings ratio of 16.75 and a beta of 0.33. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.60.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.

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

NextEra Energy Company 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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