Pittenger & Anderson Inc. Has $1.54 Million Stake in NextEra Energy, Inc. $NEE

Pittenger & Anderson Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 14.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 22,137 shares of the utilities provider’s stock after purchasing an additional 2,878 shares during the period. Pittenger & Anderson Inc.’s holdings in NextEra Energy were worth $1,537,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in shares of NextEra Energy by 2.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,158,008 shares of the utilities provider’s stock worth $144,904,000 after purchasing an additional 42,426 shares during the period. Bogart Wealth LLC lifted its position in shares of NextEra Energy by 36.2% during the 2nd quarter. Bogart Wealth LLC now owns 2,142 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 569 shares during the period. Demars Financial Group LLC acquired a new position in shares of NextEra Energy during the 2nd quarter valued at $512,000. Canvas Wealth Advisors LLC lifted its position in shares of NextEra Energy by 29.7% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,133 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 947 shares during the period. Finally, Schnieders Capital Management LLC lifted its position in shares of NextEra Energy by 1.9% during the 2nd quarter. Schnieders Capital Management LLC now owns 49,906 shares of the utilities provider’s stock valued at $3,464,000 after acquiring an additional 921 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,528 shares of company stock worth $2,277,773. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 0.9%

Shares of NYSE NEE opened at $83.97 on Wednesday. The stock has a market capitalization of $172.92 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.87 and a beta of 0.66. The company has a 50-day moving average price of $76.03 and a 200-day moving average price of $72.44. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last issued 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. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Analyst Ratings Changes

NEE has been the topic of a number of research reports. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Morgan Stanley reiterated an “overweight” rating and set a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Barclays set a $87.00 target price on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

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.