First Command Advisory Services Inc. Has $672,000 Stake in NextEra Energy, Inc. $NEE

First Command Advisory Services Inc. lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 13.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,685 shares of the utilities provider’s stock after selling 1,509 shares during the period. First Command Advisory Services Inc.’s holdings in NextEra Energy were worth $672,000 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. Arkfeld Wealth Strategies L.L.C. lifted its position in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc lifted its position in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares during the period. McKinley Carter Wealth Services Inc. lifted its position in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 142 shares during the period. Tradition Wealth Management LLC lifted its position in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV lifted its position in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. 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. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. BTIG Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. TD Cowen assumed coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.38.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.42 on Monday. The firm has a market capitalization of $173.85 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The firm has a fifty day simple moving average of $76.64 and a two-hundred day simple moving average of $72.88. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74.

NextEra Energy Dividend Announcement

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 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 is Friday, November 21st. NextEra Energy’s payout ratio is 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,028 shares of company stock worth $1,738,973. 0.18% of the stock is owned by corporate 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.