Pittenger & Anderson Inc. Acquires 2,878 Shares of NextEra Energy, Inc. $NEE

Pittenger & Anderson Inc. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,137 shares of the utilities provider’s stock after purchasing an additional 2,878 shares during the period. Pittenger & Anderson Inc.’s holdings in NextEra Energy were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management grew its position in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth about $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy during the 1st quarter worth about $32,000. Finally, IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the 1st quarter worth about $35,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on NEE. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Finally, HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.38.

Insider Buying and Selling at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% 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 Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,528 shares of company stock valued at $2,277,773. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 0.9%

NEE opened at $83.97 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market capitalization of $172.92 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.87 and a beta of 0.66. The company’s 50 day moving average price is $76.03 and its two-hundred day moving average price is $72.44.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 analyst estimates of $7.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. 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 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is presently 79.37%.

NextEra Energy Company 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.