Endurance Wealth Management Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,450 shares of the utilities provider’s stock after acquiring an additional 4,883 shares during the quarter. Endurance Wealth Management Inc.’s holdings in NextEra Energy were worth $5,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Waldron LP boosted its stake in NextEra Energy by 1.6% during the first quarter. Waldron LP now owns 5,510 shares of the utilities provider’s stock worth $707,000 after acquiring an additional 87 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of NextEra Energy by 16.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 142,944 shares of the utilities provider’s stock valued at $18,350,000 after buying an additional 20,500 shares in the last quarter. Beaumont Financial Partners LLC bought a new position in shares of NextEra Energy in the first quarter valued at $218,000. North Star Investment Management Corp. lifted its stake in shares of NextEra Energy by 9.4% in the first quarter. North Star Investment Management Corp. now owns 7,864 shares of the utilities provider’s stock valued at $1,010,000 after buying an additional 673 shares in the last quarter. Finally, Central Bank & Trust Co. lifted its stake in shares of NextEra Energy by 15.5% in the first quarter. Central Bank & Trust Co. now owns 3,535 shares of the utilities provider’s stock valued at $454,000 after buying an additional 475 shares in the last quarter. 75.41% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 146.36 on Friday. The stock has a market cap of $68.68 billion, a P/E ratio of 16.76 and a beta of 0.33. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.60. The stock has a 50 day moving average of $148.97 and a 200 day moving average of $139.72.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations 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 business posted $1.67 EPS. On average, analysts forecast that NextEra Energy, Inc. will post $6.73 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.

A number of research analysts have weighed in on the stock. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Morgan Stanley raised their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price objective on the stock. Finally, BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $151.15.

In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares in the company, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

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.

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

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