Financial Connections Group Inc. Has $92,000 Stake in NextEra Energy, Inc. $NEE

Financial Connections Group Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 82.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,329 shares of the utilities provider’s stock after acquiring an additional 600 shares during the period. Financial Connections Group Inc.’s holdings in NextEra Energy were worth $92,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Avity Investment Management Inc. grew its position in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the period. Integrity Alliance LLC. grew its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of NextEra Energy during the 1st quarter worth approximately $783,000. Czech National Bank boosted its stake in NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after acquiring an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. boosted its stake in NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

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 on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the stock an “outperform” rating in a research note on Monday. Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.08.

NextEra Energy Price Performance

Shares of NEE opened at $83.30 on Friday. The company has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.88 and a beta of 0.66. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The company’s fifty day simple moving average is $74.20 and its 200 day simple moving average is $71.73. 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 issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is presently 79.37%.

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.