Breakwater Capital Group Has $574,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Breakwater Capital Group boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,105 shares of the utilities provider’s stock after acquiring an additional 649 shares during the period. Breakwater Capital Group’s holdings in NextEra Energy were worth $574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Clear Investment Research LLC raised its position in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the last quarter. American Capital Advisory LLC raised its position in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $40,000. Finally, Family Firm Inc. acquired a new position in shares of NextEra Energy during the second quarter valued at about $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction 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 directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Down 0.2 %

NEE traded down $0.19 during mid-day trading on Wednesday, hitting $79.42. The stock had a trading volume of 5,461,773 shares, compared to its average volume of 11,126,026. The stock’s fifty day simple moving average is $74.91 and its 200-day simple moving average is $69.17. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market capitalization of $163.17 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $81.07.

NextEra Energy (NYSE:NEE) last posted its 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 company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the business posted $0.88 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.59%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEE. Evercore ISI upped 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 report on Wednesday, June 12th. Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Citigroup increased their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.