Cromwell Holdings LLC Has $347,000 Position in NextEra Energy, Inc. $NEE

Cromwell Holdings LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 291.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,995 shares of the utilities provider’s stock after acquiring an additional 3,719 shares during the period. Cromwell Holdings LLC’s holdings in NextEra Energy were worth $347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. River Street Advisors LLC grew its holdings in NextEra Energy by 11.9% during the 2nd quarter. River Street Advisors LLC now owns 17,432 shares of the utilities provider’s stock worth $1,210,000 after acquiring an additional 1,850 shares during the period. Abacus Planning Group Inc. boosted its position in shares of NextEra Energy by 2.7% during the 2nd quarter. Abacus Planning Group Inc. now owns 14,360 shares of the utilities provider’s stock worth $997,000 after purchasing an additional 378 shares in the last quarter. Hilltop National Bank bought a new position in shares of NextEra Energy during the 2nd quarter worth about $402,000. Triad Wealth Partners LLC lifted its position in NextEra Energy by 11.4% in the 2nd quarter. Triad Wealth Partners LLC now owns 3,841 shares of the utilities provider’s stock valued at $267,000 after acquiring an additional 394 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its position in NextEra Energy by 9.3% in the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 14,558 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 1,243 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were 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 of the company’s stock, valued at $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 21,369 shares of company stock worth $1,539,610. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price on the stock. JPMorgan Chase & Co. lifted their target price 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. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

NextEra Energy Trading Down 0.7%

NYSE:NEE opened at $78.10 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. The stock has a market capitalization of $160.83 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The firm’s 50 day moving average is $72.82 and its 200 day moving average is $71.21. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results 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 company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is 79.02%.

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.