NextEra Energy, Inc. $NEE Stock Holdings Raised by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171,258 shares of the utilities provider’s stock after buying an additional 3,287 shares during the quarter. NextEra Energy accounts for approximately 3.7% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 9th largest holding. S.E.E.D. Planning Group LLC’s holdings in NextEra Energy were worth $11,889,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Somerset Trust Co raised its holdings in shares of NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after buying an additional 4,445 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $783,000. Viking Fund Management LLC raised its holdings in shares of NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock valued at $35,091,000 after buying an additional 200,000 shares during the period. Trust Co. of Vermont raised its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider’s stock valued at $27,335,000 after buying an additional 8,472 shares during the period. Finally, Prostatis Group LLC raised its holdings in shares of NextEra Energy by 46.1% during the 1st quarter. Prostatis Group LLC now owns 34,414 shares of the utilities provider’s stock valued at $2,440,000 after buying an additional 10,857 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.5%

NYSE:NEE opened at $71.66 on Monday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.47 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a 50 day simple moving average of $73.10 and a 200 day simple moving average of $71.07.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s payout ratio is 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

NEE has been the subject of a number of recent analyst reports. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.00.

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.