Granite Group Advisors LLC Purchases 1,734 Shares of NextEra Energy, Inc. $NEE

Granite Group Advisors LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,575 shares of the utilities provider’s stock after acquiring an additional 1,734 shares during the quarter. NextEra Energy comprises approximately 1.6% of Granite Group Advisors LLC’s holdings, making the stock its 10th largest position. Granite Group Advisors LLC’s holdings in NextEra Energy were worth $2,608,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ritholtz Wealth Management increased its stake in shares of NextEra Energy by 10.2% during the 2nd quarter. Ritholtz Wealth Management now owns 35,039 shares of the utilities provider’s stock worth $2,432,000 after purchasing an additional 3,255 shares during the last quarter. Triton Wealth Management PLLC bought a new stake in NextEra Energy in the second quarter worth $640,000. Courier Capital LLC boosted its holdings in NextEra Energy by 6.6% in the second quarter. Courier Capital LLC now owns 22,253 shares of the utilities provider’s stock worth $1,545,000 after purchasing an additional 1,379 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in NextEra Energy by 13.7% during the second quarter. Sagespring Wealth Partners LLC now owns 37,485 shares of the utilities provider’s stock worth $2,602,000 after buying an additional 4,525 shares during the last quarter. Finally, IFC Advisors LLC raised its holdings in NextEra Energy by 7.2% during the second quarter. IFC Advisors LLC now owns 53,425 shares of the utilities provider’s stock valued at $3,709,000 after buying an additional 3,572 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, 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. Insiders sold 32,705 shares of company stock valued at $2,446,490 over the last quarter. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.4%

NEE opened at $84.67 on Wednesday. The business has a 50 day moving average of $74.74 and a 200-day moving average of $71.94. The stock has a market capitalization of $174.37 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.85 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, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00.

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. The business 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%. NextEra Energy’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share 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 paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.02%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NEE shares. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.57.

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.