Community Financial Services Group LLC Has $5.83 Million Stock Holdings in NextEra Energy, Inc. $NEE

Community Financial Services Group LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the second quarter, Holdings Channel.com reports. The fund owned 83,974 shares of the utilities provider’s stock after acquiring an additional 1,371 shares during the quarter. Community Financial Services Group LLC’s holdings in NextEra Energy were worth $5,829,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy in the first quarter valued at approximately $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. lifted its stake 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 stake 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. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NEE shares. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Finally, 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 note on Thursday, September 25th. One equities research 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, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Trading Up 4.2%

Shares of NEE stock opened at $78.63 on Thursday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm’s fifty day simple moving average is $72.70 and its 200 day simple moving average is $71.17. The firm has a market capitalization of $161.92 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. 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 (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,369 shares of company stock worth $1,539,610. 0.20% of the stock is owned by insiders.

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.