3Chopt Investment Partners LLC Takes $394,000 Position in NextEra Energy, Inc. (NYSE:NEE)

3Chopt Investment Partners LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,566 shares of the utilities provider’s stock, valued at approximately $394,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BCK Partners Inc. boosted its holdings in shares of NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 135 shares during the period. Renasant Bank boosted its stake in NextEra Energy by 1.0% during the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after buying an additional 142 shares during the period. Stonebridge Capital Advisors LLC increased its position in NextEra Energy by 1.8% during the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 143 shares during the last quarter. Proffitt & Goodson Inc. increased its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its stake in shares of NextEra Energy by 1.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock valued at $1,076,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $85.29 on Wednesday. The stock’s 50-day moving average is $80.12 and its 200 day moving average is $73.74. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market cap of $175.23 billion, a P/E ratio of 23.24, a PEG ratio of 3.08 and a beta of 0.56.

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 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 business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the business earned $0.88 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders 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 dividend yield of 2.42%. NextEra Energy’s dividend payout ratio is presently 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 stock was 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 of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NEE shares. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. Royal Bank of Canada increased 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. Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.33.

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.