NextEra Energy, Inc. $NEE Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 171.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,114 shares of the utilities provider’s stock after acquiring an additional 7,645 shares during the period. Soltis Investment Advisors LLC’s holdings in NextEra Energy were worth $841,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. HORAN Wealth LLC purchased a new position in NextEra Energy during the second quarter worth about $3,209,000. SouthState Corp increased its stake in shares of NextEra Energy by 7.5% during the 2nd quarter. SouthState Corp now owns 261,465 shares of the utilities provider’s stock valued at $18,151,000 after acquiring an additional 18,310 shares during the last quarter. Horan Securities Inc. lifted its holdings in shares of NextEra Energy by 17.8% during the 2nd quarter. Horan Securities Inc. now owns 4,609 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 697 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of NextEra Energy by 7.5% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 713,419 shares of the utilities provider’s stock worth $49,718,000 after acquiring an additional 49,630 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its position in shares of NextEra Energy by 208.8% in the second quarter. Atlantic Union Bankshares Corp now owns 282,793 shares of the utilities provider’s stock worth $19,631,000 after acquiring an additional 191,211 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’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 directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated 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 directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,028 shares of company stock worth $1,738,973 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays set a $88.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research 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. Finally, BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE opened at $82.04 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The stock’s 50-day simple moving average is $77.93 and its 200-day simple moving average is $73.82. The firm has a market cap of $170.86 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter last year, the firm earned $1.03 EPS. NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 71.97%.

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.