Centennial Wealth Advisory LLC Takes $279,000 Position in NextEra Energy, Inc. $NEE

Centennial Wealth Advisory LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,017 shares of the utilities provider’s stock, valued at approximately $279,000.

Other large investors also recently modified their holdings of the company. Avity Investment Management Inc. grew its stake in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares during the period. Integrity Alliance LLC. grew its stake in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares during the period. Elyxium Wealth LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $783,000. Czech National Bank grew its stake in shares of NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after purchasing an additional 30,878 shares during the period. Finally, Bowman & Co S.C. grew its stake in shares of NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after purchasing an additional 263 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock valued at $1,539,610 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 0.5%

Shares of NEE opened at $76.20 on Tuesday. The firm has a market capitalization of $156.92 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.61 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The business’s fifty day moving average price is $72.63 and its two-hundred day moving average price is $71.09. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.02%.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Morgan Stanley restated an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

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.