NWF Advisory Services Inc. Boosts Stock Holdings in NextEra Energy, Inc. $NEE

NWF Advisory Services Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 74.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,823 shares of the utilities provider’s stock after acquiring an additional 12,318 shares during the period. NWF Advisory Services Inc.’s holdings in NextEra Energy were worth $2,001,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Veltria Advisors Corp. increased its holdings in NextEra Energy by 4.8% in the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock worth $210,000 after buying an additional 139 shares in the last quarter. Pine Haven Investment Counsel Inc raised its position in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its stake in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 142 shares during the period. Finally, Tradition Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 157,322 shares of company stock worth $13,148,943. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Up 0.5%

Shares of NextEra Energy stock opened at $81.65 on Monday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company’s fifty day simple moving average is $83.68 and its 200-day simple moving average is $76.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market capitalization of $170.05 billion, a PE ratio of 26.00, a P/E/G ratio of 2.75 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is 72.29%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NEE. Barclays set a $88.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $91.72.

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.