Little House Capital LLC Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Little House Capital LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,749 shares of the utilities provider’s stock after acquiring an additional 1,140 shares during the quarter. Little House Capital LLC’s holdings in NextEra Energy were worth $2,107,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Clear Investment Research LLC raised its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares in the last quarter. American Capital Advisory LLC boosted its stake in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the period. Neo Ivy Capital Management purchased a new position in NextEra Energy during the fourth quarter worth about $40,000. Finally, Family Firm Inc. bought a new position in NextEra Energy in the 2nd quarter worth about $40,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE traded down $0.16 on Tuesday, reaching $80.35. The company’s stock had a trading volume of 1,078,975 shares, compared to its average volume of 11,005,849. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market capitalization of $165.08 billion, a P/E ratio of 21.94, a PEG ratio of 2.92 and a beta of 0.54. The stock’s 50 day simple moving average is $75.52 and its two-hundred day simple moving average is $69.83. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $81.07.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Barclays increased their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.