Liberty Capital Management Inc. Increases Holdings in NextEra Energy, Inc. $NEE

Liberty Capital Management Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,493 shares of the utilities provider’s stock after purchasing an additional 234 shares during the quarter. Liberty Capital Management Inc.’s holdings in NextEra Energy were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of NEE. Avity Investment Management Inc. lifted its stake in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares in the last quarter. Integrity Alliance LLC. raised its holdings in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after acquiring an additional 7,401 shares during the last quarter. Elyxium Wealth LLC purchased a new position in NextEra Energy in the 1st quarter worth approximately $783,000. Czech National Bank raised its holdings in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after acquiring an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. raised its holdings in NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after acquiring an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. HSBC decreased their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a report on Thursday, August 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $84.08.

Insider Buying and Selling

In other news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,369 shares of company stock valued at $1,539,610. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $75.50 on Wednesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market capitalization of $155.48 billion, a P/E ratio of 26.40, a PEG ratio of 2.62 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average price of $72.59 and a 200-day moving average price of $71.12.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

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.