Cornerstone Financial Partners LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,883 shares of the utilities provider’s stock after buying an additional 6 shares during the period. Cornerstone Financial Partners LLC’s holdings in NextEra Energy were worth $404,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dowling & Yahnke LLC boosted its position in NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares in the last quarter. Genesee Valley Trust Co. boosted its position in NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares in the last quarter. Regentatlantic Capital LLC boosted its position in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. boosted its position in NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 76.72% of the company’s stock.

NextEra Energy, Inc. (NEE) traded down 0.67% during midday trading on Friday, reaching $146.73. 622,057 shares of the company’s stock were exchanged. The company has a market cap of $68.85 billion, a price-to-earnings ratio of 16.81 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $148.30. The firm has a 50-day moving average price of $143.21 and a 200 day moving average price of $134.86.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 EPS. Analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.

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Several equities analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday. UBS AG restated a “buy” rating and set a $143.00 price target (up from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Wells Fargo & Company restated an “outperform” rating and set a $158.00 price target (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $147.00 price target (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $148.64.

In other NextEra Energy news, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total value of $7,140,633.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold a total of 90,431 shares of company stock valued at $12,692,378 in the last ninety days. 0.53% of the stock is currently owned by insiders.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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