Rowlandmiller & PARTNERS.ADV Acquires 4,650 Shares of NextEra Energy, Inc. $NEE

Rowlandmiller & PARTNERS.ADV boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 22.8% during the second quarter, HoldingsChannel.com reports. The fund owned 25,031 shares of the utilities provider’s stock after purchasing an additional 4,650 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in NextEra Energy were worth $1,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tradition Wealth Management LLC increased its stake in NextEra Energy by 2.2% in the first 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 period. Cim LLC increased its stake in NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock valued at $2,397,000 after acquiring an additional 158 shares during the period. Conning Inc. increased its stake in NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider’s stock valued at $999,000 after acquiring an additional 160 shares during the period. Premier Path Wealth Partners LLC increased its stake in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider’s stock valued at $1,591,000 after acquiring an additional 166 shares during the period. Finally, Opal Wealth Advisors LLC increased its stake in NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider’s stock valued at $427,000 after acquiring an additional 168 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,677 shares of company stock valued at $1,415,418 over the last three months. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective on the stock. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, HSBC decreased their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.00.

NextEra Energy Price Performance

NEE opened at $71.66 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company’s 50 day simple moving average is $73.10 and its 200-day simple moving average is $71.06. The stock has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

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.