Gouws Capital LLC Acquires 1,175 Shares of NextEra Energy, Inc. (NYSE:NEE)

Gouws Capital LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,448 shares of the utilities provider’s stock after purchasing an additional 1,175 shares during the quarter. NextEra Energy makes up 3.6% of Gouws Capital LLC’s holdings, making the stock its 11th biggest position. Gouws Capital LLC’s holdings in NextEra Energy were worth $4,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. lifted its position in shares of NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 135 shares during the period. Renasant Bank lifted its stake in shares of NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 142 shares during the period. Stonebridge Capital Advisors LLC boosted its position in shares of NextEra Energy by 1.8% during the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 143 shares in the last quarter. Proffitt & Goodson Inc. grew its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its holdings in NextEra Energy by 1.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after purchasing an additional 146 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.99 during trading on Friday, reaching $80.51. 6,808,205 shares of the company traded hands, compared to its average volume of 6,723,177. 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 firm has a 50 day simple moving average of $75.39 and a 200-day simple moving average of $69.57. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $81.07. The stock has a market capitalization of $165.48 billion, a PE ratio of 21.94, a P/E/G ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating 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 business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the business earned $0.88 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company restated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a report 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 on the stock. in a report on Wednesday, June 12th. Barclays lifted their target price on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

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.