Vest Financial LLC Has $59.99 Million Holdings in NextEra Energy, Inc. $NEE

Vest Financial LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 864,153 shares of the utilities provider’s stock after purchasing an additional 61,018 shares during the quarter. NextEra Energy makes up approximately 0.8% of Vest Financial LLC’s investment portfolio, making the stock its 27th largest holding. Vest Financial LLC’s holdings in NextEra Energy were worth $59,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its holdings in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 142 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV lifted its holdings in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The stock was 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 of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock worth $2,446,490 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. Finally, Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.08.

NextEra Energy Trading Down 0.5%

Shares of NextEra Energy stock opened at $83.30 on Monday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00. The firm has a market cap of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66. The stock has a fifty day moving average price of $74.20 and a 200-day moving average price of $71.75. 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 announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

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.