Quent Capital LLC Purchases 336 Shares of NextEra Energy, Inc. $NEE

Quent Capital LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,514 shares of the utilities provider’s stock after purchasing an additional 336 shares during the period. Quent Capital LLC’s holdings in NextEra Energy were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated 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 directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,369 shares of company stock valued at $1,539,610 in the last quarter. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

NextEra Energy stock opened at $80.12 on Friday. The company’s 50-day moving average price is $72.99 and its 200-day moving average price is $71.28. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00. 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 market cap of $164.98 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is currently 79.37%.

Analysts Set New Price Targets

A number of analysts have issued reports on NEE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently 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.