Aprio Wealth Management LLC Acquires 547 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aprio Wealth Management LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,827 shares of the utilities provider’s stock after acquiring an additional 547 shares during the quarter. Aprio Wealth Management LLC’s holdings in NextEra Energy were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Greenfield Savings Bank lifted its holdings in NextEra Energy by 0.8% in the second quarter. Greenfield Savings Bank now owns 33,429 shares of the utilities provider’s stock worth $2,367,000 after buying an additional 271 shares during the period. Matrix Trust Co raised its holdings in NextEra Energy by 1.5% in the second quarter. Matrix Trust Co now owns 20,928 shares of the utilities provider’s stock worth $1,482,000 after purchasing an additional 307 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its position in NextEra Energy by 12.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 14,852 shares of the utilities provider’s stock valued at $1,071,000 after buying an additional 1,694 shares during the period. Renaissance Investment Group LLC boosted its holdings in shares of NextEra Energy by 6.2% during the 2nd quarter. Renaissance Investment Group LLC now owns 81,835 shares of the utilities provider’s stock valued at $5,902,000 after buying an additional 4,747 shares in the last quarter. Finally, S.A. Mason LLC grew its position in shares of NextEra Energy by 6.8% in the 2nd quarter. S.A. Mason LLC now owns 11,514 shares of the utilities provider’s stock worth $815,000 after buying an additional 730 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NEE shares. Bank of America lifted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Evercore ISI upped their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Finally, Morgan Stanley raised 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. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

Check Out Our Latest Report on NEE

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.60 on Thursday, reaching $78.16. The stock had a trading volume of 4,464,545 shares, compared to its average volume of 11,616,696. The stock has a market cap of $160.58 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.56. The company has a 50 day simple moving average of $73.94 and a 200 day simple moving average of $67.03.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the firm posted $0.88 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.64%. NextEra Energy’s payout ratio is presently 56.13%.

Insider Transactions at NextEra Energy

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

NextEra Energy Profile

(Free Report)

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.

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

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