GDS Wealth Management Takes Position in NextEra Energy, Inc. (NYSE:NEE)

GDS Wealth Management acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,081 shares of the utilities provider’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pekin Hardy Strauss Inc. raised its position in NextEra Energy by 2.8% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 11,199 shares of the utilities provider’s stock worth $793,000 after purchasing an additional 300 shares during the period. Excalibur Management Corp raised its holdings in shares of NextEra Energy by 17.7% in the second quarter. Excalibur Management Corp now owns 6,759 shares of the utilities provider’s stock worth $479,000 after buying an additional 1,016 shares during the period. Luts & Greenleigh Group Inc. purchased a new stake in shares of NextEra Energy in the second quarter worth approximately $276,000. Citizens Financial Group Inc. RI lifted its stake in shares of NextEra Energy by 2.0% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 195,152 shares of the utilities provider’s stock worth $13,819,000 after acquiring an additional 3,796 shares during the last quarter. Finally, One Capital Management LLC boosted its holdings in NextEra Energy by 329.0% during the 2nd quarter. One Capital Management LLC now owns 13,914 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 10,671 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 0.0 %

NextEra Energy stock opened at $84.63 on Tuesday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. The business has a fifty day moving average price of $77.56 and a 200-day moving average price of $71.66. 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 stock has a market capitalization of $173.88 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued 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. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the company earned $0.88 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.43%. NextEra Energy’s payout ratio is 56.13%.

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. 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 report on Wednesday, June 12th. Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley raised their price objective on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

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.