Naples Global Advisors LLC Boosts Stock Holdings in NextEra Energy, Inc. $NEE

Naples Global Advisors LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,350 shares of the utilities provider’s stock after purchasing an additional 3,543 shares during the period. Naples Global Advisors LLC’s holdings in NextEra Energy were worth $6,827,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NEE. Brighton Jones LLC raised its holdings in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Merit Financial Group LLC raised its holdings in NextEra Energy by 47.2% during the first quarter. Merit Financial Group LLC now owns 46,173 shares of the utilities provider’s stock worth $3,273,000 after purchasing an additional 14,804 shares in the last quarter. HBW Advisory Services LLC raised its holdings in NextEra Energy by 17.1% during the first quarter. HBW Advisory Services LLC now owns 10,895 shares of the utilities provider’s stock worth $772,000 after purchasing an additional 1,588 shares in the last quarter. Finally, CGN Advisors LLC raised its holdings in NextEra Energy by 5.9% during the first quarter. CGN Advisors LLC now owns 3,608 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 201 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the firm’s 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 sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock valued at $1,539,610 over the last three months. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $84.08.

NextEra Energy Stock Up 4.2%

NEE stock opened at $78.63 on Thursday. The company’s 50 day simple moving average is $72.70 and its 200-day simple moving average is $71.17. The firm has a market capitalization of $161.92 billion, a PE ratio of 27.49, a P/E/G ratio of 2.60 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate 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%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio is currently 79.37%.

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.