StrongBox Wealth LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

StrongBox Wealth LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,000 shares of the utilities provider’s stock after acquiring an additional 1,013 shares during the quarter. NextEra Energy accounts for approximately 2.4% of StrongBox Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. StrongBox Wealth LLC’s holdings in NextEra Energy were worth $3,641,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Engineers Gate Manager LP raised its position in shares of NextEra Energy by 1,462.4% during the 1st quarter. Engineers Gate Manager LP now owns 44,685 shares of the utilities provider’s stock worth $3,785,000 after purchasing an additional 41,825 shares during the last quarter. Marietta Wealth Management LLC raised its holdings in NextEra Energy by 1.9% in the 1st quarter. Marietta Wealth Management LLC now owns 68,267 shares of the utilities provider’s stock valued at $5,783,000 after acquiring an additional 1,285 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NextEra Energy by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,640,208 shares of the utilities provider’s stock valued at $308,376,000 after acquiring an additional 85,368 shares during the last quarter. Klingman & Associates LLC acquired a new stake in NextEra Energy in the 1st quarter valued at about $715,000. Finally, Abbrea Capital LLC raised its holdings in NextEra Energy by 0.6% in the 1st quarter. Abbrea Capital LLC now owns 58,395 shares of the utilities provider’s stock valued at $4,947,000 after acquiring an additional 340 shares during the last quarter. 76.89% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.4 %

NEE stock traded down $1.14 during midday trading on Friday, hitting $82.40. The company’s stock had a trading volume of 119,073 shares, compared to its average volume of 8,021,994. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52-week low of $67.22 and a 52-week high of $93.73. The firm has a market capitalization of $161.90 billion, a P/E ratio of 63.77, a PEG ratio of 3.01 and a beta of 0.46. The firm has a 50-day simple moving average of $86.16 and a 200-day simple moving average of $80.75.

NextEra Energy (NYSE:NEEGet Rating) last released its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.06. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.26 billion. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 2.89 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.70 annualized dividend and a dividend yield of 2.06%. NextEra Energy’s dividend payout ratio (DPR) is currently 129.77%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NEE. KeyCorp cut their price objective on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Morgan Stanley cut their price target on shares of NextEra Energy from $99.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday. Guggenheim increased their price objective on shares of NextEra Energy from $91.00 to $108.00 and gave the stock a “buy” rating in a research report on Monday, September 12th. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $107.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group increased their price objective on shares of NextEra Energy from $79.00 to $98.00 in a research report on Wednesday, September 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.30.

Insider Transactions at NextEra Energy

In related news, CEO John W. Ketchum purchased 12,909 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the purchase, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John W. Ketchum purchased 12,909 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the purchase, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald R. Reagan sold 9,307 shares of NextEra Energy stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $88.79, for a total transaction of $826,368.53. Following the sale, the executive vice president now owns 18,176 shares in the company, valued at $1,613,847.04. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

About NextEra Energy

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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, coal, and natural gas facilities. 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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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