Motco Has $8.62 Million Position in NextEra Energy, Inc. $NEE

Motco raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,329 shares of the utilities provider’s stock after purchasing an additional 6,346 shares during the period. Motco’s holdings in NextEra Energy were worth $8,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 136 shares during the period. Pine Haven Investment Counsel Inc boosted its position in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 140 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in shares of NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 142 shares during the period. Tradition Wealth Management LLC boosted its position in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its position in shares of NextEra Energy by 1.5% in the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after acquiring an additional 145 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,028 shares of company stock valued at $1,738,973 over the last quarter. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Down 2.8%

NEE stock opened at $83.58 on Wednesday. The stock has a market capitalization of $172.12 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.91 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 12 month low of $61.72 and a 12 month high of $87.53. The firm has a 50-day moving average price of $76.98 and a 200-day moving average price of $73.12.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 79.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEE. JPMorgan Chase & Co. upped their price objective 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. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research report on Monday, October 13th. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Mizuho upped their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.06.

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.