Thurston Springer Miller Herd & Titak Inc. Acquires 7,207 Shares of NextEra Energy, Inc. $NEE

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.4% during the second quarter, Holdings Channel.com reports. The firm owned 54,127 shares of the utilities provider’s stock after buying an additional 7,207 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in NextEra Energy were worth $3,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $32,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.00.

NextEra Energy Stock Up 0.5%

NYSE:NEE opened at $71.66 on Friday. The firm has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a PEG ratio of 2.46 and a beta of 0.65. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company’s fifty day moving average price is $73.10 and its 200-day moving average price is $71.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is owned by company insiders.

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.