New Century Financial Group LLC Invests $592,000 in NextEra Energy, Inc. (NYSE:NEE)

New Century Financial Group LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,365 shares of the utilities provider’s stock, valued at approximately $592,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orleans Capital Management Corp LA raised its position in shares of NextEra Energy by 0.9% during the second quarter. Orleans Capital Management Corp LA now owns 45,988 shares of the utilities provider’s stock worth $3,256,000 after acquiring an additional 400 shares during the last quarter. Cetera Investment Advisers raised its holdings in NextEra Energy by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 575,209 shares of the utilities provider’s stock worth $40,731,000 after purchasing an additional 39,522 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new position in shares of NextEra Energy in the 2nd quarter worth approximately $394,000. SPC Financial Inc. boosted its stake in shares of NextEra Energy by 39.0% in the 2nd quarter. SPC Financial Inc. now owns 10,071 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 2,828 shares during the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of NextEra Energy during the second quarter worth $316,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Evercore ISI lifted their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Mizuho cut 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. BMO Capital Markets lifted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.07.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE stock opened at $84.52 on Tuesday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The business has a 50-day simple moving average of $79.85 and a two-hundred day simple moving average of $73.57. The company has a market capitalization of $173.65 billion, a P/E ratio of 23.03, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the firm posted $0.88 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company 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. This represents a $2.06 annualized dividend and a yield of 2.44%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) 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.