Eagle Strategies LLC Has $1.95 Million Position in NextEra Energy, Inc. $NEE

Eagle Strategies LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,030 shares of the utilities provider’s stock after purchasing an additional 825 shares during the quarter. Eagle Strategies LLC’s holdings in NextEra Energy were worth $1,946,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Avity Investment Management Inc. raised its position in NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after buying an additional 8,565 shares during the last quarter. Integrity Alliance LLC. raised its position in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 7,401 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in NextEra Energy in the 1st quarter valued at approximately $783,000. Czech National Bank raised its position in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after buying an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. raised its position in NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Evercore ISI set a $92.00 price target on NextEra Energy and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

Insiders Place Their Bets

In related news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was 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. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock worth $2,446,490 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $84.06 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The stock has a 50 day moving average of $73.69 and a 200-day moving average of $71.53. The company has a market capitalization of $173.10 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.87 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is 79.02%.

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.