NextEra Energy, Inc. $NEE Shares Acquired by Schnieders Capital Management LLC

Schnieders Capital Management LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,906 shares of the utilities provider’s stock after buying an additional 921 shares during the period. Schnieders Capital Management LLC’s holdings in NextEra Energy were worth $3,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Arkfeld Wealth Strategies L.L.C. raised its position 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 valued at $1,140,000 after buying an additional 136 shares during the last quarter. Pine Haven Investment Counsel Inc raised its position 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 valued at $441,000 after buying an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its position in shares of NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the last quarter. Tradition Wealth Management LLC raised its position 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 valued at $470,000 after buying an additional 143 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its position in shares of NextEra Energy by 1.5% in the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after buying an additional 145 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE opened at $84.48 on Monday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.74. The stock has a market cap of $173.97 billion, a PE ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66. The firm has a 50-day simple moving average of $75.54 and a two-hundred day simple moving average of $72.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 during 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 revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business 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. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised 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. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $86.40.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.18% of the stock is currently owned by company insiders.

NextEra Energy 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.