Leavell Investment Management Inc. Buys 706 Shares of NextEra Energy, Inc. $NEE

Leavell Investment Management Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,776 shares of the utilities provider’s stock after acquiring an additional 706 shares during the quarter. Leavell Investment Management Inc.’s holdings in NextEra Energy were worth $1,373,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC grew its stake in NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Amundi grew its position in shares of NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares during the period. Vanguard Group Inc. increased 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 purchasing an additional 2,025,193 shares in the last quarter. Finally, Boston Partners raised its holdings 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 period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped 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 objective on shares of NextEra Energy in a research report on Monday, October 13th. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, BTIG Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.38.

NextEra Energy Stock Up 1.4%

Shares of NEE stock opened at $84.42 on Monday. The firm’s fifty day moving average price is $76.64 and its two-hundred day moving average price is $72.88. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The firm has a market capitalization of $173.85 billion, a P/E ratio of 29.52, a PEG ratio of 2.85 and a beta of 0.66.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’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 sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,028 shares of company stock valued at $1,738,973. 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.