Verity & Verity LLC Has $19.42 Million Stock Holdings in NextEra Energy, Inc. $NEE

Verity & Verity LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,793 shares of the utilities provider’s stock after buying an additional 1,135 shares during the period. NextEra Energy accounts for approximately 1.7% of Verity & Verity LLC’s investment portfolio, making the stock its 18th biggest holding. Verity & Verity LLC’s holdings in NextEra Energy were worth $19,423,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NEE. Activest Wealth Management lifted its holdings 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 worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy in the first quarter valued at $26,000. Quaker Wealth Management LLC increased its position in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy in the 1st quarter worth about $32,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday, November 17th. Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research report on Tuesday, October 28th. UBS Group reiterated a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.63.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value 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. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 168,168 shares of company stock valued at $13,917,670 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.73 on Tuesday. The business’s 50 day simple moving average is $81.13 and its 200 day simple moving average is $75.44. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a market cap of $176.47 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.76 and a beta of 0.69. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed 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 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 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.