Griffin Asset Management Inc. Buys 402 Shares of NextEra Energy, Inc. $NEE

Griffin Asset Management Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,064 shares of the utilities provider’s stock after purchasing an additional 402 shares during the period. Griffin Asset Management Inc.’s holdings in NextEra Energy were worth $352,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its position 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after purchasing an additional 5,949 shares in the last quarter. Hennessy Advisors Inc. lifted its position in shares of NextEra Energy by 23.3% in the first quarter. Hennessy Advisors Inc. now owns 10,570 shares of the utilities provider’s stock worth $749,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of NextEra Energy by 3.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 33,410 shares of the utilities provider’s stock worth $2,368,000 after purchasing an additional 1,263 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the 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 transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were 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 approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,705 shares of company stock worth $2,446,490. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Melius assumed coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. HSBC dropped their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. Finally, New Street Research set a $84.00 price objective on NextEra Energy in a research note on Monday. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

NextEra Energy Price Performance

NYSE:NEE opened at $84.25 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00. The stock’s 50 day moving average price is $74.47 and its two-hundred day moving average price is $71.85. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $173.49 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.82 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 for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

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.