NorthCrest Asset Manangement LLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

NorthCrest Asset Manangement LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,194 shares of the utilities provider’s stock after buying an additional 146 shares during the period. NorthCrest Asset Manangement LLC’s holdings in NextEra Energy were worth $1,076,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in NextEra Energy by 33.3% during the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock worth $2,173,000 after buying an additional 8,949 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth $77,000. NewEdge Wealth LLC boosted its holdings in shares of NextEra Energy by 1.6% in the 4th quarter. NewEdge Wealth LLC now owns 61,242 shares of the utilities provider’s stock valued at $3,720,000 after buying an additional 978 shares during the period. Graypoint LLC grew its position in shares of NextEra Energy by 54.2% during the 4th quarter. Graypoint LLC now owns 12,528 shares of the utilities provider’s stock valued at $761,000 after buying an additional 4,406 shares during the last quarter. Finally, Simplicity Solutions LLC grew its position in shares of NextEra Energy by 1.3% during the 4th quarter. Simplicity Solutions LLC now owns 42,326 shares of the utilities provider’s stock valued at $2,571,000 after buying an additional 533 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the 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 sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.19 during mid-day trading on Wednesday, reaching $77.93. 944,152 shares of the company were exchanged, compared to its average volume of 11,443,967. The stock has a market capitalization of $160.11 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.84 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company’s 50-day simple moving average is $73.89 and its 200-day simple moving average is $67.66. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.56.

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

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEE. Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. Barclays raised their target price on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Finally, Evercore ISI increased their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

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.