NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,244 shares of the utilities provider’s stock after purchasing an additional 1,732 shares during the quarter. Naviter Wealth LLC’s holdings in NextEra Energy were worth $1,363,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. raised its holdings in shares of 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 grew its position in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. American Capital Advisory LLC lifted its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in NextEra Energy during the 4th quarter worth about $40,000. Finally, Family Firm Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $79.92 on Wednesday. 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 firm has a 50 day simple moving average of $75.66 and a 200 day simple moving average of $69.99. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $81.18. The firm has a market cap of $164.20 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.92 and a beta of 0.54.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.58%. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NEE shares. Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Royal Bank of Canada raised their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

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.