Mainstay Capital Management LLC ADV Invests $305,000 in NextEra Energy, Inc. $NEE

Mainstay Capital Management LLC ADV bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,400 shares of the utilities provider’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Boomfish Wealth Group LLC increased its position in shares of NextEra Energy by 4.5% during the second quarter. Boomfish Wealth Group LLC now owns 23,218 shares of the utilities provider’s stock worth $1,612,000 after purchasing an additional 996 shares in the last quarter. MSH Capital Advisors LLC increased its position in shares of NextEra Energy by 1.7% during the second quarter. MSH Capital Advisors LLC now owns 9,271 shares of the utilities provider’s stock worth $644,000 after purchasing an additional 158 shares in the last quarter. Lokken Investment Group LLC increased its position in shares of NextEra Energy by 4.3% during the second quarter. Lokken Investment Group LLC now owns 24,415 shares of the utilities provider’s stock worth $1,695,000 after purchasing an additional 1,001 shares in the last quarter. Tandem Capital Management Corp ADV increased its position 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 purchasing an additional 145 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc acquired a new stake in shares of NextEra Energy during the second quarter worth about $439,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Evercore ISI set a $92.00 price target on NextEra Energy and gave the company an “outperform” rating in a research report on Monday. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $85.08.

NextEra Energy Price Performance

Shares of NEE opened at $83.63 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00. The stock’s 50 day moving average is $73.94 and its two-hundred day moving average is $71.63. The firm has a market capitalization of $172.22 billion, a PE ratio of 29.24, a P/E/G ratio of 2.89 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 quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company 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 company earned $0.96 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.37%.

Insider Buying and Selling

In other news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business’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 sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 in the last three months. Company insiders own 0.20% of the company’s stock.

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.