Advocate Group LLC Buys 1,044 Shares of NextEra Energy, Inc. $NEE

Advocate Group LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,632 shares of the utilities provider’s stock after acquiring an additional 1,044 shares during the quarter. Advocate Group LLC’s holdings in NextEra Energy were worth $3,931,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. OFI Invest Asset Management increased its stake in shares of NextEra Energy by 45.8% in the 2nd quarter. OFI Invest Asset Management now owns 933,624 shares of the utilities provider’s stock valued at $64,812,000 after acquiring an additional 293,376 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of NextEra Energy by 21.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 291,126 shares of the utilities provider’s stock valued at $20,268,000 after acquiring an additional 51,453 shares in the last quarter. Sovereign Financial Group Inc. grew its position in NextEra Energy by 3.5% in the 2nd quarter. Sovereign Financial Group Inc. now owns 9,706 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 330 shares during the period. Tranquility Partners LLC grew its position in NextEra Energy by 23.8% in the 2nd quarter. Tranquility Partners LLC now owns 18,013 shares of the utilities provider’s stock valued at $1,250,000 after purchasing an additional 3,463 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in NextEra Energy by 23.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 149,021 shares of the utilities provider’s stock valued at $10,345,000 after purchasing an additional 28,435 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% 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 worth $2,446,490. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NEE shares. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. HSBC reduced their price target 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. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $85.08.

NextEra Energy Price Performance

NEE opened at $83.30 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.87 and a beta of 0.66. The firm’s fifty day moving average price is $74.20 and its two-hundred day moving average price is $71.74. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm 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 business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

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.