Carnegie Investment Counsel Raises Stock Position in NextEra Energy, Inc. $NEE

Carnegie Investment Counsel increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 433,359 shares of the utilities provider’s stock after acquiring an additional 3,704 shares during the quarter. Carnegie Investment Counsel’s holdings in NextEra Energy were worth $30,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arkfeld Wealth Strategies L.L.C. increased its holdings in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc grew its holdings in shares of NextEra Energy by 2.3% during 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. McKinley Carter Wealth Services Inc. grew its holdings in shares of NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after buying an additional 142 shares in the last quarter. Tradition Wealth Management LLC grew its holdings in shares of NextEra Energy by 2.2% during 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. Finally, Tandem Capital Management Corp ADV grew its holdings in shares of NextEra Energy by 1.5% during the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, 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 value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,528 shares of company stock worth $2,277,773. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Up 0.6%

Shares of NEE opened at $83.30 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. The firm has a 50-day moving average price of $76.46 and a 200 day moving average price of $72.64. The firm has a market capitalization of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.80 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 earnings per share (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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. NextEra Energy’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.02%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday, October 13th. TD Cowen assumed coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, Barclays set a $87.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $88.38.

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.