NextEra Energy, Inc. $NEE Shares Purchased by Horan Securities Inc.

Horan Securities Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,609 shares of the utilities provider’s stock after buying an additional 697 shares during the quarter. Horan Securities Inc.’s holdings in NextEra Energy were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NEE. Arkfeld Wealth Strategies L.L.C. increased its stake in shares of NextEra Energy by 0.9% in the second 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 during the period. Pine Haven Investment Counsel Inc lifted its position in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the period. McKinley Carter Wealth Services Inc. boosted its holdings in NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its stake in shares of NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after buying an additional 145 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NEE opened at $82.11 on Thursday. The firm’s fifty day simple moving average is $77.74 and its two-hundred day simple moving average is $73.76. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a market cap of $171.01 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.76 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the firm posted $1.03 EPS. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Analysts Set New Price Targets

A number of analysts have recently commented on NEE shares. UBS Group restated a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Evercore ISI reaffirmed an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. Melius assumed coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Cowen initiated coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,028 shares of company stock valued at $1,738,973 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

About NextEra Energy

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.