NextEra Energy, Inc. $NEE Stock Position Raised by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,706 shares of the utilities provider’s stock after acquiring an additional 330 shares during the quarter. Sovereign Financial Group Inc.’s holdings in NextEra Energy were worth $674,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Tranquility Partners LLC boosted its stake in shares of NextEra Energy by 23.8% during the 2nd quarter. Tranquility Partners LLC now owns 18,013 shares of the utilities provider’s stock worth $1,250,000 after acquiring an additional 3,463 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of NextEra Energy by 23.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 149,021 shares of the utilities provider’s stock worth $10,345,000 after acquiring an additional 28,435 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its stake in shares of NextEra Energy by 4.5% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 266,053 shares of the utilities provider’s stock worth $18,469,000 after acquiring an additional 11,430 shares in the last quarter. 1858 Wealth Management LLC boosted its stake in shares of NextEra Energy by 16.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 6,330 shares of the utilities provider’s stock worth $439,000 after acquiring an additional 874 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of NextEra Energy by 3.1% in the second quarter. Apollon Wealth Management LLC now owns 174,072 shares of the utilities provider’s stock valued at $12,084,000 after purchasing an additional 5,213 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,705 shares of company stock valued at $2,446,490. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $83.30 on Friday. 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 1 year low of $61.72 and a 1 year high of $86.00. The business has a fifty day simple moving average of $74.20 and a 200 day simple moving average of $71.74. The firm has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.87 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company earned $0.96 earnings per share. NextEra Energy’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. Morgan Stanley restated an “overweight” rating and issued a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Evercore ISI set a $92.00 target price on NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

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.