Ascent Wealth Partners LLC Acquires 8,155 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ascent Wealth Partners LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 30.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,896 shares of the utilities provider’s stock after purchasing an additional 8,155 shares during the period. Ascent Wealth Partners LLC’s holdings in NextEra Energy were worth $2,474,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management bought a new position in NextEra Energy during the fourth quarter valued at $36,000. Hughes Financial Services LLC bought a new position in NextEra Energy during the first quarter valued at $40,000. Finally, Graney & King LLC bought a new position in NextEra Energy during the fourth quarter valued at $46,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 18th. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.08.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 0.1%

Shares of NEE opened at $74.77 on Thursday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a fifty day moving average price of $71.85 and a 200-day moving average price of $70.29. The firm has a market capitalization of $153.93 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.63 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s payout ratio is 85.02%.

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.