NextEra Energy, Inc. $NEE Shares Acquired by Hartline Investment Corp

Hartline Investment Corp lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 93.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,555 shares of the utilities provider’s stock after purchasing an additional 32,094 shares during the period. Hartline Investment Corp’s holdings in NextEra Energy were worth $4,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Arkfeld Wealth Strategies L.L.C. increased its holdings in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc increased its holdings in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after acquiring an additional 142 shares in the last quarter. Tradition Wealth Management LLC increased its holdings in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV increased its holdings in NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 145 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.48 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. The firm has a market capitalization of $173.98 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.87 and a beta of 0.66. The company has a fifty day simple moving average of $75.54 and a 200-day simple moving average of $72.22. 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 (NYSE:NEE) last released its 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. The business had revenue of $6.70 billion during 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts anticipate 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. Stockholders of record on Thursday, August 28th were given 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 payout ratio is presently 79.02%.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. TD Cowen initiated coverage on shares of NextEra Energy in a report on Thursday. They issued a “buy” rating and a $98.00 price target for the company. Cowen initiated coverage on shares of NextEra Energy in a report on Wednesday. They issued a “buy” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.40.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction dated 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 approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s 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 transaction, the executive vice president directly 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. In the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.20% 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.