Atria Wealth Solutions Inc. Purchases 19,689 Shares of NextEra Energy, Inc. (NYSE:NEE)

Atria Wealth Solutions Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,497 shares of the utilities provider’s stock after acquiring an additional 19,689 shares during the period. Atria Wealth Solutions Inc.’s holdings in NextEra Energy were worth $9,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NEE. International Assets Investment Management LLC boosted its stake in shares of NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after purchasing an additional 8,949 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in NextEra Energy during the fourth quarter valued at $77,000. Resonant Capital Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $253,000. Wetzel Investment Advisors Inc. bought a new position in shares of NextEra Energy during the fourth quarter valued at $39,000. Finally, J.W. Cole Advisors Inc. raised its position in shares of NextEra Energy by 4.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 37,534 shares of the utilities provider’s stock worth $2,280,000 after purchasing an additional 1,477 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock traded up $0.66 during trading on Wednesday, hitting $79.64. 5,103,031 shares of the company’s stock traded hands, compared to its average volume of 11,291,522. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.56. The stock has a market capitalization of $163.62 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.84 and a beta of 0.54. The business has a fifty day simple moving average of $74.31 and a 200 day simple moving average of $68.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business posted $0.88 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on NEE shares. Morgan Stanley lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Evercore ISI upped their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America lifted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.71.

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.