Taylor & Morgan Wealth Management LLC Has $495,000 Stock Holdings in NextEra Energy, Inc. $NEE

Taylor & Morgan Wealth Management LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,130 shares of the utilities provider’s stock after selling 255 shares during the quarter. Taylor & Morgan Wealth Management LLC’s holdings in NextEra Energy were worth $495,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NEE. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the 4th 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. Point72 Hong Kong Ltd acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $469,000. Raiffeisen Bank International AG acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $526,000. Finally, Silvercrest Asset Management Group LLC increased its position in shares of NextEra Energy by 164.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 194,843 shares of the utilities provider’s stock worth $13,968,000 after purchasing an additional 121,176 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their target price 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. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. 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 research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

NextEra Energy Stock Up 0.5%

Shares of NYSE:NEE opened at $71.66 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company’s 50-day moving average price is $73.10 and its two-hundred day moving average price is $71.06. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a market cap of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.46 and a beta of 0.65.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,677 shares of company stock valued at $1,415,418. 0.20% of the stock is currently owned by insiders.

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.