Ashton Thomas Private Wealth LLC Has $6.26 Million Stock Position in NextEra Energy, Inc. $NEE

Ashton Thomas Private Wealth LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 90,203 shares of the utilities provider’s stock after acquiring an additional 3,384 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in NextEra Energy were worth $6,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC increased its holdings in NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after purchasing an additional 5,949 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in NextEra Energy by 31.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 295,748 shares of the utilities provider’s stock worth $20,966,000 after purchasing an additional 70,663 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in NextEra Energy by 12.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,909 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,028 shares of company stock worth $1,738,973 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.4%

Shares of NextEra Energy stock opened at $84.42 on Monday. NextEra Energy, Inc. has a one year low of $61.72 and a one 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. The stock’s 50-day moving average is $76.64 and its 200 day moving average is $72.88. The firm has a market cap of $173.85 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.85 and a beta of 0.66.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. TD Cowen initiated coverage on NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.38.

NextEra Energy 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.