Tower View Wealth Management LLC Increases Stock Holdings in NextEra Energy, Inc. $NEE

Tower View Wealth Management LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 1,313.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,283 shares of the utilities provider’s stock after purchasing an additional 3,980 shares during the period. Tower View Wealth Management LLC’s holdings in NextEra Energy were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after buying an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its holdings in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares in the last quarter. Eagle Wealth Strategies LLC lifted its holdings in shares of NextEra Energy by 1.4% in the second quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock worth $774,000 after buying an additional 149 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in shares of NextEra Energy by 1.0% in the second quarter. XML Financial LLC now owns 16,447 shares of the utilities provider’s stock worth $1,142,000 after buying an additional 158 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Morgan Stanley restated 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. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. HSBC decreased their price objective 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. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.08.

Insider Buying and Selling at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock valued at $1,539,610 over the last ninety days. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.7%

Shares of NYSE NEE opened at $78.10 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm’s 50 day simple moving average is $72.82 and its two-hundred day simple moving average is $71.21. The stock has a market capitalization of $160.83 billion, a P/E ratio of 27.31, a PEG ratio of 2.71 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last issued 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 analysts’ expectations of $7.52 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.02%.

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.