Eagle Wealth Strategies LLC Buys 149 Shares of NextEra Energy, Inc. $NEE

Eagle Wealth Strategies LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,154 shares of the utilities provider’s stock after acquiring an additional 149 shares during the period. NextEra Energy accounts for approximately 0.4% of Eagle Wealth Strategies LLC’s holdings, making the stock its 26th largest position. Eagle Wealth Strategies LLC’s holdings in NextEra Energy were worth $774,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Robbins Farley grew its holdings in shares of NextEra Energy by 7.5% in the 2nd quarter. Robbins Farley now owns 75,653 shares of the utilities provider’s stock valued at $5,252,000 after acquiring an additional 5,250 shares in the last quarter. Park Place Capital Corp grew its holdings in NextEra Energy by 33.1% during the second quarter. Park Place Capital Corp now owns 20,163 shares of the utilities provider’s stock worth $1,473,000 after purchasing an additional 5,009 shares during the period. XML Financial LLC grew its holdings in NextEra Energy by 1.0% during the second quarter. XML Financial LLC now owns 16,447 shares of the utilities provider’s stock worth $1,142,000 after purchasing an additional 158 shares during the period. Centennial Wealth Advisory LLC bought a new position in NextEra Energy during the second quarter worth about $279,000. Finally, White Pine Investment CO bought a new position in NextEra Energy during the second quarter worth about $4,554,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock valued at $1,539,610 in the last three months. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEE. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Trading Up 0.5%

Shares of NEE stock opened at $76.20 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $156.92 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. The stock has a 50 day simple moving average of $72.63 and a 200 day simple moving average of $71.09. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.02%.

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.