Csenge Advisory Group Acquires 608 Shares of NextEra Energy, Inc. (NYSE:NEE)

Csenge Advisory Group grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,468 shares of the utilities provider’s stock after acquiring an additional 608 shares during the period. Csenge Advisory Group’s holdings in NextEra Energy were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NEE. Fortitude Family Office LLC boosted its holdings in NextEra Energy by 1,512.4% in the 2nd quarter. Fortitude Family Office LLC now owns 4,934 shares of the utilities provider’s stock worth $349,000 after buying an additional 4,628 shares during the period. Legacy Financial Strategies LLC raised its position in shares of NextEra Energy by 6.6% during the 2nd quarter. Legacy Financial Strategies LLC now owns 44,620 shares of the utilities provider’s stock valued at $3,205,000 after buying an additional 2,759 shares in the last quarter. Advocate Group LLC raised its position in shares of NextEra Energy by 7.1% during the 2nd quarter. Advocate Group LLC now owns 56,378 shares of the utilities provider’s stock valued at $3,992,000 after buying an additional 3,753 shares in the last quarter. Simplicity Wealth LLC raised its position in NextEra Energy by 1.2% in the 2nd quarter. Simplicity Wealth LLC now owns 43,670 shares of the utilities provider’s stock worth $3,092,000 after purchasing an additional 522 shares during the period. Finally, Valeo Financial Advisors LLC raised its position in NextEra Energy by 12.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 26,115 shares of the utilities provider’s stock worth $1,849,000 after purchasing an additional 2,805 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of research reports. Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Morgan Stanley increased their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Scotiabank increased their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.29.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.01 during trading hours on Thursday, reaching $77.55. 6,935,596 shares of the company’s stock were exchanged, compared to its average volume of 11,632,761. The firm has a market capitalization of $159.33 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.84 and a beta of 0.54. The company has a 50-day moving average of $73.94 and a 200 day moving average of $67.03. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the prior year, the firm earned $0.88 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.66%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

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.