NextEra Energy, Inc. $NEE Shares Purchased by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,140 shares of the utilities provider’s stock after acquiring an additional 389 shares during the period. Johnson & White Wealth Management LLC’s holdings in NextEra Energy were worth $704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NEE. Arkfeld Wealth Strategies L.L.C. increased its position in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc grew its position in NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 140 shares in the last quarter. Tradition Wealth Management LLC grew its position in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares in the last quarter. Conning Inc. grew its position in NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider’s stock valued at $999,000 after acquiring an additional 160 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in NextEra Energy by 0.5% in the second quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider’s stock valued at $2,253,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.6%

NEE stock opened at $75.84 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock’s 50 day simple moving average is $72.63 and its 200 day simple moving average is $71.08. The company has a market cap of $156.18 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 over the last three months. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NEE. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Barclays boosted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a report on Thursday. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $84.08.

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.