Brighton Jones LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Brighton Jones LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,219 shares of the utilities provider’s stock after buying an additional 370 shares during the period. Brighton Jones LLC’s holdings in NextEra Energy were worth $2,140,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after buying an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after purchasing an additional 629,032 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in NextEra Energy by 6.9% in the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock worth $423,568,000 after purchasing an additional 388,149 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $82.76 on Friday. The stock’s fifty day moving average is $78.33 and its 200 day moving average is $72.22. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $85.56. The firm has a market capitalization of $170.03 billion, a PE ratio of 22.55, a PEG ratio of 3.03 and a beta of 0.56. 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 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.49%. NextEra Energy’s payout ratio is presently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Evercore ISI boosted their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, Citigroup boosted their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $81.87.

NextEra Energy 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.