NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 195.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,982 shares of the utilities provider’s stock after acquiring an additional 13,886 shares during the period. Sunbelt Securities Inc.’s holdings in NextEra Energy were worth $1,486,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NEE. Intech Investment Management LLC increased its position in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 26,382 shares during the period. Ancora Advisors LLC grew its holdings in NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after acquiring an additional 7,677 shares during the period. Raymond James & Associates raised its position in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. Holderness Investments Co. lifted its holdings in NextEra Energy by 139.0% in the fourth quarter. Holderness Investments Co. now owns 11,376 shares of the utilities provider’s stock valued at $691,000 after acquiring an additional 6,617 shares during the period. Finally, Magnolia Capital Advisors LLC boosted its position in shares of NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

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

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Evercore ISI increased their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Barclays upped their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.07.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.52 on Tuesday. The stock has a fifty day moving average price of $79.85 and a 200 day moving average price of $73.57. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $85.56. The firm has a market capitalization of $173.65 billion, a P/E ratio of 23.03, a PEG ratio of 3.08 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company posted $0.88 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.