Tranquility Partners LLC Boosts Stock Holdings in NextEra Energy, Inc. $NEE

Tranquility Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 23.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,013 shares of the utilities provider’s stock after purchasing an additional 3,463 shares during the period. Tranquility Partners LLC’s holdings in NextEra Energy were worth $1,250,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. raised its holdings in NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc grew its position in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the period. McKinley Carter Wealth Services Inc. grew its position in NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after buying an additional 142 shares during the period. Tradition Wealth Management LLC grew its position in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV grew its position in NextEra Energy by 1.5% during the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after buying an additional 145 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.5%

NEE stock opened at $83.30 on Friday. The company’s 50 day simple moving average is $74.20 and its 200-day simple moving average is $71.74. The firm has a market capitalization of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

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. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.02%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NEE shares. BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Morgan Stanley restated an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.08.

Insider Buying and Selling at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the company’s 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 transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% 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, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by corporate insiders.

About NextEra Energy

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.