Roberts Wealth Advisors LLC Lowers Position in NextEra Energy, Inc. $NEE

Roberts Wealth Advisors LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 73,097 shares of the utilities provider’s stock after selling 139 shares during the period. NextEra Energy accounts for about 1.5% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position. Roberts Wealth Advisors LLC’s holdings in NextEra Energy were worth $5,074,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NEE. KPP Advisory Services LLC lifted its position in shares of NextEra Energy by 12.9% in the 2nd quarter. KPP Advisory Services LLC now owns 15,393 shares of the utilities provider’s stock worth $1,069,000 after purchasing an additional 1,761 shares during the period. Confluence Wealth Services Inc. lifted its holdings in NextEra Energy by 1.3% during the second quarter. Confluence Wealth Services Inc. now owns 38,031 shares of the utilities provider’s stock worth $2,640,000 after buying an additional 472 shares during the period. Gratus Wealth Advisors LLC lifted its holdings in NextEra Energy by 4.1% during the second quarter. Gratus Wealth Advisors LLC now owns 3,873 shares of the utilities provider’s stock worth $269,000 after buying an additional 153 shares during the period. PUREfi Wealth LLC boosted its position in NextEra Energy by 26.6% during the 2nd quarter. PUREfi Wealth LLC now owns 12,831 shares of the utilities provider’s stock valued at $891,000 after acquiring an additional 2,698 shares in the last quarter. Finally, Chung Wu Investment Group LLC purchased a new position in shares of NextEra Energy in the 2nd quarter valued at $167,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.08.

Insiders Place Their Bets

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company’s stock, 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. Over the last three months, insiders sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $82.13 on Tuesday. 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 stock has a 50-day moving average of $73.20 and a two-hundred day moving average of $71.36. The stock has a market cap of $169.13 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00.

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

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is presently 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.