Brighton Jones LLC Grows Stock Holdings in NextEra Energy, Inc. $NEE

Brighton Jones LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 30,135 shares of the utilities provider’s stock after acquiring an additional 821 shares during the quarter. Brighton Jones LLC’s holdings in NextEra Energy were worth $2,092,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $32,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $35,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NEE opened at $84.42 on Monday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. 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 firm has a market capitalization of $173.85 billion, a PE ratio of 29.52, a P/E/G ratio of 2.85 and a beta of 0.66. The firm has a 50 day moving average of $76.64 and a two-hundred day moving average of $72.88.

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on NEE shares. BTIG Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research report on Monday, October 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.38.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy 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 directly owned 62,064 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is owned by insiders.

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.