Klingman & Associates LLC Buys 1,833 Shares of NextEra Energy, Inc. $NEE

Klingman & Associates LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,175 shares of the utilities provider’s stock after buying an additional 1,833 shares during the period. Klingman & Associates LLC’s holdings in NextEra Energy were worth $1,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Activest Wealth Management boosted its stake in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth about $25,000. 1 North Wealth Services LLC bought a new position in NextEra Energy during the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new position in NextEra Energy during the 1st quarter valued at about $32,000. Finally, IMA Advisory Services Inc. acquired a new position in NextEra Energy in the first quarter valued at about $35,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.3%

NYSE NEE opened at $84.80 on Tuesday. The stock has a market capitalization of $174.63 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a fifty day moving average of $75.78 and a 200-day moving average of $72.36.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors 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 of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,528 shares of company stock valued at $2,277,773. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Finally, HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.40.

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.