NextEra Energy, Inc. $NEE Position Increased by Eagle Strategies LLC

Eagle Strategies LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,030 shares of the utilities provider’s stock after purchasing an additional 825 shares during the period. Eagle Strategies LLC’s holdings in NextEra Energy were worth $1,946,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arkfeld Wealth Strategies L.L.C. boosted its position in NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc boosted its position in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares during the period. Tradition Wealth Management LLC boosted its position in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 143 shares during the period. Eagle Wealth Strategies LLC boosted its position in NextEra Energy by 1.4% during the second quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 149 shares during the period. Finally, Gratus Wealth Advisors LLC boosted its position in NextEra Energy by 4.1% during the second quarter. Gratus Wealth Advisors LLC now owns 3,873 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 153 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $84.06 on Thursday. The business has a fifty day simple moving average of $73.69 and a 200 day simple moving average of $71.53. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $173.10 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.02%.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a research report on Monday. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Finally, HSBC reduced their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.08.

NextEra Energy 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.