Heritage Financial Services LLC Buys 188 Shares of NextEra Energy, Inc. $NEE

Heritage Financial Services LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,805 shares of the utilities provider’s stock after acquiring an additional 188 shares during the period. Heritage Financial Services LLC’s holdings in NextEra Energy were worth $820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its holdings in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the period. Tradition Wealth Management LLC lifted its holdings in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares during the period. Eagle Wealth Strategies LLC boosted its position in NextEra Energy by 1.4% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock valued at $774,000 after acquiring an additional 149 shares in the last quarter. Finally, XML Financial LLC grew its holdings in shares of NextEra Energy by 1.0% during the 2nd quarter. XML Financial LLC now owns 16,447 shares of the utilities provider’s stock worth $1,142,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $78.63 on Thursday. The firm has a market cap of $161.92 billion, a P/E ratio of 27.49, a PEG ratio of 2.60 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $72.70 and a 200 day moving average of $71.17.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 last year, the company earned $0.96 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. BMO Capital Markets increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.08.

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.