NorthRock Partners LLC Buys 234 Shares of NextEra Energy, Inc. $NEE

NorthRock Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,782 shares of the utilities provider’s stock after purchasing an additional 234 shares during the quarter. NorthRock Partners LLC’s holdings in NextEra Energy were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in NEE. GQG Partners LLC grew its stake in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the last quarter. Amundi grew its stake in NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after buying an additional 2,657,438 shares during the last quarter. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Finally, Boston Partners grew its stake in NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after buying an additional 1,886,999 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NEE shares. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Melius started coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.00.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% 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 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.25 on Tuesday. The stock has a market cap of $173.49 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The business has a 50-day simple moving average of $74.47 and a 200-day simple moving average of $71.85. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors 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 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend 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.