Narwhal Capital Management Purchases 28,057 Shares of NextEra Energy, Inc. $NEE

Narwhal Capital Management lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,893 shares of the utilities provider’s stock after purchasing an additional 28,057 shares during the quarter. NextEra Energy accounts for 1.0% of Narwhal Capital Management’s portfolio, making the stock its 24th largest position. Narwhal Capital Management’s holdings in NextEra Energy were worth $12,488,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NEE. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 1.0%

Shares of NEE opened at $84.06 on Thursday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The firm has a market cap of $173.10 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The firm’s 50-day simple moving average is $73.69 and its 200 day simple moving average is $71.53. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the business earned $0.96 EPS. NextEra Energy’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is 79.02%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NEE shares. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $85.08.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Company 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.