NextEra Energy, Inc. $NEE Holdings Increased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,299 shares of the utilities provider’s stock after purchasing an additional 2,450 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in NextEra Energy were worth $2,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Activest Wealth Management raised its holdings in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy in the second quarter worth approximately $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy in the first quarter worth approximately $32,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the first quarter worth approximately $35,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,028 shares of company stock worth $1,738,973. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. BTIG Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their price objective 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, Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

NextEra Energy Stock Performance

NEE stock opened at $84.42 on Monday. The firm has a 50 day moving average of $76.64 and a two-hundred day moving average of $72.88. The company has a quick ratio of 0.45, a current ratio of 0.54 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 $86.74. The company has a market capitalization of $173.85 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy Announces Dividend

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

About NextEra Energy

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.