Gladwyn Financial Advisors Inc. Takes $627,000 Position in NextEra Energy, Inc. $NEE

Gladwyn Financial Advisors Inc. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, Holdings Channel reports. The fund acquired 9,032 shares of the utilities provider’s stock, valued at approximately $627,000. NextEra Energy comprises approximately 0.5% of Gladwyn Financial Advisors Inc.’s portfolio, making the stock its 29th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its position in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $32,000. Finally, IMA Advisory Services Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $35,000. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock worth $2,446,490 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. Cowen initiated coverage on shares of NextEra Energy in a research report on Wednesday. They issued a “buy” rating on the stock. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.40.

NextEra Energy Stock Down 0.7%

Shares of NEE stock opened at $84.48 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 firm’s 50-day moving average is $75.54 and its 200-day moving average is $72.24. The stock has a market cap of $173.97 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

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.