Abacus Planning Group Inc. Acquires 378 Shares of NextEra Energy, Inc. $NEE

Abacus Planning Group Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,360 shares of the utilities provider’s stock after acquiring an additional 378 shares during the quarter. Abacus Planning Group Inc.’s holdings in NextEra Energy were worth $997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NEE. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. Merit Financial Group LLC increased its holdings in shares of NextEra Energy by 47.2% in the first quarter. Merit Financial Group LLC now owns 46,173 shares of the utilities provider’s stock worth $3,273,000 after purchasing an additional 14,804 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of NextEra Energy by 97.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 40,294 shares of the utilities provider’s stock worth $2,856,000 after purchasing an additional 19,937 shares during the period. Finally, Apella Capital LLC increased its holdings in shares of NextEra Energy by 66.7% in the first quarter. Apella Capital LLC now owns 7,557 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 3,024 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several research analyst reports. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. HSBC cut their target price 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. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, Melius Research upgraded shares of 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 four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Stock Performance

NYSE NEE opened at $78.10 on Friday. The company has a 50-day simple moving average of $72.82 and a two-hundred day simple moving average of $71.21. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market cap of $160.83 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.71 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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 business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,369 shares of company stock valued at $1,539,610. Corporate insiders own 0.20% of the company’s stock.

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.