Joel Isaacson & Co. LLC Has $2.63 Million Stake in NextEra Energy, Inc. $NEE

Joel Isaacson & Co. LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,879 shares of the utilities provider’s stock after buying an additional 3,298 shares during the period. Joel Isaacson & Co. LLC’s holdings in NextEra Energy were worth $2,630,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Northern Trust Corp lifted its position in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after purchasing an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after purchasing an additional 1,336,259 shares in the last quarter. GQG Partners LLC boosted its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE stock opened at $82.13 on Tuesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00. The firm’s 50 day moving average is $73.20 and its 200-day moving average is $71.36. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $169.13 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock worth $2,446,490 in the last ninety days. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. BMO Capital Markets increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $85.08.

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.