Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in NextEra Energy, Inc. $NEE

Envestnet Portfolio Solutions Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the 2nd quarter, Holdings Channel reports. The firm owned 272,659 shares of the utilities provider’s stock after purchasing an additional 5,059 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NextEra Energy were worth $18,928,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. GAMMA Investing LLC boosted its holdings in shares of NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after buying an additional 5,949 shares during the last quarter. Krilogy Financial LLC grew its position in NextEra Energy by 3.7% during the first quarter. Krilogy Financial LLC now owns 10,902 shares of the utilities provider’s stock valued at $773,000 after buying an additional 389 shares during the period. Finally, Hennessy Advisors Inc. boosted its stake in NextEra Energy by 23.3% in the first quarter. Hennessy Advisors Inc. now owns 10,570 shares of the utilities provider’s stock valued at $749,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NEE shares. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.08.

NextEra Energy Stock Down 0.5%

Shares of NYSE NEE opened at $83.30 on Monday. 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 $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The business has a 50-day simple moving average of $74.20 and a two-hundred day simple moving average of $71.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) 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 prior year, the firm posted $0.96 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. 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 (DPR) is presently 79.37%.

Insider Buying and Selling

In other news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was 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 owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock worth $2,446,490 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.