SBI Securities Co. Ltd. Has $1.26 Million Stock Holdings in NextEra Energy, Inc. $NEE

SBI Securities Co. Ltd. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,175 shares of the utilities provider’s stock after purchasing an additional 1,236 shares during the quarter. SBI Securities Co. Ltd.’s holdings in NextEra Energy were worth $1,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daymark Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares in the last quarter. Avity Investment Management Inc. grew its position in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after acquiring an additional 8,565 shares during the period. Dillon & Associates Inc. increased its stake in shares of NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after purchasing an additional 5,261 shares during the last quarter. Integrity Alliance LLC. raised its holdings in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares during the period. Finally, Soltis Investment Advisors LLC lifted its position in shares of NextEra Energy by 171.1% in the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after buying an additional 7,645 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of NextEra Energy 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 approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.99 on Friday. The company has a market cap of $174.92 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a fifty day moving average price of $79.24 and a 200-day moving average price of $74.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NEE. Morgan Stanley reissued 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. UBS Group reissued a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Evercore ISI restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. 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 note on Tuesday, October 14th. Finally, TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

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.