Bingham Private Wealth LLC Boosts Stock Position in NextEra Energy, Inc. $NEE

Bingham Private Wealth LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 16.4% during the second quarter, HoldingsChannel reports. The fund owned 6,946 shares of the utilities provider’s stock after purchasing an additional 977 shares during the period. Bingham Private Wealth LLC’s holdings in NextEra Energy were worth $482,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the 1st quarter worth $35,000. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 335.0% in the first 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 during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% in the first 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 during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NEE shares. Melius assumed 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. BMO Capital Markets lifted their price target on 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 reiterated an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

Insiders Place Their Bets

In related news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on 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 directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,705 shares of company stock valued at $2,446,490. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.6%

NextEra Energy stock opened at $82.13 on Tuesday. The stock’s 50 day moving average price is $73.20 and its 200 day moving average price is $71.36. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The company has a market cap of $169.13 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. 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 issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.37%.

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.