Chicago Partners Investment Group LLC Purchases 1,533 Shares of NextEra Energy, Inc. $NEE

Chicago Partners Investment Group LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,322 shares of the utilities provider’s stock after purchasing an additional 1,533 shares during the period. Chicago Partners Investment Group LLC’s holdings in NextEra Energy were worth $1,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Northern Trust Corp boosted its holdings in NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after acquiring an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares in the last quarter. GQG Partners LLC boosted its holdings in NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.80 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $174.63 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.85 and a beta of 0.66. The business has a fifty day simple moving average of $75.78 and a two-hundred day simple moving average of $72.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74.

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

NextEra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Melius assumed coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.40.

Insider Buying and Selling

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated 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 transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,528 shares of company stock worth $2,277,773 in the last 90 days. 0.18% 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.