Stokes Capital Advisors LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Stokes Capital Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,391 shares of the utilities provider’s stock after acquiring an additional 1,667 shares during the period. Stokes Capital Advisors LLC’s holdings in NextEra Energy were worth $5,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Capital Management LLC raised its holdings in shares of NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares in the last quarter. AJOVista LLC purchased a new position in NextEra Energy in the fourth quarter valued at $162,000. Intech Investment Management LLC grew its position in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares during the period. Camden National Bank lifted its stake in shares of NextEra Energy by 10.2% in the fourth 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 in the last quarter. Finally, Ninety One North America Inc. grew its holdings in shares of NextEra Energy by 62.0% in the fourth quarter. Ninety One North America Inc. now owns 159,541 shares of the utilities provider’s stock valued at $9,691,000 after purchasing an additional 61,058 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

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

NextEra Energy Stock Up 1.5 %

NextEra Energy stock traded up $1.16 during mid-day trading on Friday, reaching $78.57. The stock had a trading volume of 6,344,213 shares, compared to its average volume of 11,400,159. The company has a 50-day moving average price of $73.99 and a two-hundred day moving average price of $68.06. The company has a market capitalization of $161.42 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.84 and a beta of 0.54. 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 one year low of $47.15 and a one year high of $80.56.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Upgrades and Downgrades

Several research firms have commented on NEE. Bank of America boosted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Barclays upped their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday. Scotiabank upped 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. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.36.

About NextEra Energy

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.