Cornell Pochily Investment Advisors Inc. Raises Holdings in NextEra Energy, Inc. $NEE

Cornell Pochily Investment Advisors Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,558 shares of the utilities provider’s stock after acquiring an additional 1,243 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in NextEra Energy were worth $1,011,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NEE. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $35,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after buying an additional 366 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HSBC lowered their price target on 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 note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target 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. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. One research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Trading Down 0.7%

NYSE:NEE opened at $78.10 on Friday. The firm has a market cap of $160.83 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The stock has a fifty day moving average price of $72.82 and a 200 day moving average price of $71.21. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given 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 2.9%. NextEra Energy’s dividend payout ratio is currently 79.02%.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is currently owned by company insiders.

About NextEra Energy

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.