Signet Investment Advisory Group Inc. Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Signet Investment Advisory Group Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 55,634 shares of the utilities provider’s stock after purchasing an additional 1,766 shares during the period. NextEra Energy accounts for about 2.1% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 14th largest position. Signet Investment Advisory Group Inc.’s holdings in NextEra Energy were worth $3,939,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Janney Capital Management LLC grew its position in shares of NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 4,047 shares during the last quarter. AJOVista LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $162,000. Intech Investment Management LLC grew its position in shares of NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Camden National Bank grew its position in shares of NextEra Energy by 10.2% in the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after buying an additional 14,477 shares during the last quarter. Finally, Ninety One North America Inc. grew its position in shares of NextEra Energy by 62.0% in the 4th quarter. Ninety One North America Inc. now owns 159,541 shares of the utilities provider’s stock worth $9,691,000 after buying an additional 61,058 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.5 %

Shares of NYSE NEE traded up $1.16 during midday trading on Friday, hitting $78.57. The company’s stock had a trading volume of 6,344,213 shares, compared to its average volume of 11,400,159. The business’s fifty day simple moving average is $73.99 and its two-hundred day simple moving average is $67.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.56. The firm has a market capitalization of $161.42 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. 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 the firm’s 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 sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Scotiabank lifted 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. Finally, Morgan Stanley boosted their target price 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 analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.36.

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.