NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Boosted by SFE Investment Counsel

SFE Investment Counsel lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,912 shares of the utilities provider’s stock after acquiring an additional 613 shares during the period. SFE Investment Counsel’s holdings in NextEra Energy were worth $3,438,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Abundance Wealth Counselors acquired a new stake in NextEra Energy in the first quarter worth about $29,000. Hillsdale Investment Management Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at about $32,000. Pinz Capital Management LP acquired a new stake in NextEra Energy during the 1st quarter worth about $37,000. Sage Financial Management Group Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $38,000. Finally, SRS Capital Advisors Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 74.67% of the company’s stock.

A number of equities analysts recently commented on NEE shares. Morgan Stanley increased their price objective on NextEra Energy from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, August 19th. Credit Suisse Group started coverage on NextEra Energy in a research report on Wednesday, July 14th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, Barclays reduced their price objective on NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $80.70.

In other NextEra Energy news, EVP Deborah H. Caplan sold 6,896 shares of the firm’s stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $75.00, for a total transaction of $517,200.00. Following the transaction, the executive vice president now owns 123,339 shares in the company, valued at $9,250,425. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ronald R. Reagan sold 4,166 shares of NextEra Energy stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $84.00, for a total value of $349,944.00. Following the transaction, the executive vice president now owns 28,043 shares in the company, valued at approximately $2,355,612. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

NEE stock traded up $0.23 during midday trading on Wednesday, hitting $84.87. The stock had a trading volume of 199,290 shares, compared to its average volume of 7,881,096. The firm has a market capitalization of $166.47 billion, a price-to-earnings ratio of 53.07, a P/E/G ratio of 4.05 and a beta of 0.19. NextEra Energy, Inc. has a 52 week low of $66.79 and a 52 week high of $87.69. The stock has a 50-day simple moving average of $81.06 and a 200 day simple moving average of $76.90. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 1.05.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, July 22nd. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. NextEra Energy had a return on equity of 10.84% and a net margin of 18.69%. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same period last year, the business earned $2.61 earnings per share. NextEra Energy’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 2.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Friday, August 27th will be paid a dividend of $0.385 per share. The ex-dividend date is Thursday, August 26th. This represents a $1.54 annualized dividend and a yield of 1.81%. NextEra Energy’s dividend payout ratio is currently 66.67%.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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