NorthRock Partners LLC Boosts Stock Holdings in NextEra Energy, Inc. $NEE

NorthRock Partners LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,782 shares of the utilities provider’s stock after buying an additional 234 shares during the period. NorthRock Partners LLC’s holdings in NextEra Energy were worth $1,929,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avity Investment Management Inc. increased its stake in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares in the last quarter. Integrity Alliance LLC. increased its stake in NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in NextEra Energy during the 1st quarter worth approximately $783,000. Czech National Bank increased its stake in NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after buying an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. increased its stake in NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after buying an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.1%

Shares of NextEra Energy stock opened at $84.25 on Tuesday. The firm has a market capitalization of $173.49 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a 50 day moving average of $74.47 and a 200 day moving average of $71.85.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $0.96 earnings per share. As a group, research analysts predict 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, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 over the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. New Street Research set a $84.00 price objective on NextEra Energy in a research note on Monday. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Evercore ISI set a $92.00 price target on NextEra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $85.00.

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.