Howe & Rusling Inc. Buys 114,580 Shares of NextEra Energy, Inc. $NEE

Howe & Rusling Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 82.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,184 shares of the utilities provider’s stock after buying an additional 114,580 shares during the quarter. NextEra Energy makes up about 1.3% of Howe & Rusling Inc.’s investment portfolio, making the stock its 19th largest position. Howe & Rusling Inc.’s holdings in NextEra Energy were worth $17,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Activest Wealth Management boosted its holdings in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy in the second quarter worth about $25,000. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy in the first quarter worth about $26,000. Quaker Wealth Management LLC boosted its stake in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in NextEra Energy during the first quarter valued at approximately $32,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Barclays set a $88.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.53.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 168,168 shares of company stock valued at $13,917,670 over the last ninety days. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.3%

Shares of NYSE:NEE opened at $84.37 on Thursday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The business has a 50 day simple moving average of $80.38 and a two-hundred day simple moving average of $75.02. The firm has a market capitalization of $175.72 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

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.