D.A. Davidson & CO. Boosts Stake in NextEra Energy, Inc. $NEE

D.A. Davidson & CO. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 66.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,009,785 shares of the utilities provider’s stock after buying an additional 404,290 shares during the quarter. D.A. Davidson & CO.’s holdings in NextEra Energy were worth $70,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management raised its stake in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy in the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy in the 1st quarter valued at $32,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the 1st quarter worth $35,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,528 shares of company stock valued at $2,277,773. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Cowen started coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, TD Cowen assumed coverage on NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.38.

NextEra Energy Stock Down 0.9%

Shares of NextEra Energy stock opened at $83.97 on Wednesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74. The stock has a market cap of $172.92 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average price of $76.03 and a 200 day moving average price of $72.44.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 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.