NextEra Energy, Inc. $NEE Shares Bought by Haverford Financial Services Inc.

Haverford Financial Services Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,804 shares of the utilities provider’s stock after purchasing an additional 11,987 shares during the quarter. NextEra Energy makes up 2.4% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 18th largest position. Haverford Financial Services Inc.’s holdings in NextEra Energy were worth $8,247,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Activest Wealth Management lifted its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the first quarter worth approximately $26,000. Quaker Wealth Management LLC boosted its holdings in shares of NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $32,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.2%

NEE opened at $84.74 on Wednesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The business has a 50 day moving average price of $80.11 and a two-hundred day moving average price of $74.96. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a market cap of $176.48 billion, a PE ratio of 26.99, a P/E/G ratio of 2.76 and a beta of 0.69.

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

NextEra Energy Dividend Announcement

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 paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,168 shares of company stock worth $13,917,670 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. New Street Research set a $84.00 price target on shares of NextEra Energy in a research note on Monday, October 13th. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.53.

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.