Kingsview Wealth Management LLC Purchases 3,684 Shares of NextEra Energy, Inc. $NEE

Kingsview Wealth Management LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,014 shares of the utilities provider’s stock after buying an additional 3,684 shares during the period. Kingsview Wealth Management LLC’s holdings in NextEra Energy were worth $10,345,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cornerstone Advisors LLC lifted its stake in shares of NextEra Energy by 58.0% in the 2nd quarter. Cornerstone Advisors LLC now owns 305,200 shares of the utilities provider’s stock valued at $21,187,000 after purchasing an additional 112,000 shares during the period. Woodley Farra Manion Portfolio Management Inc. increased its holdings in NextEra Energy by 1.7% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 512,074 shares of the utilities provider’s stock worth $35,548,000 after purchasing an additional 8,447 shares in the last quarter. Intech Investment Management LLC increased its holdings in NextEra Energy by 763.6% in the second quarter. Intech Investment Management LLC now owns 348,807 shares of the utilities provider’s stock worth $24,214,000 after purchasing an additional 308,415 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in NextEra Energy by 45.1% in the second quarter. Thoroughbred Financial Services LLC now owns 19,610 shares of the utilities provider’s stock valued at $1,361,000 after buying an additional 6,096 shares during the period. Finally, Creative Planning boosted its holdings in shares of NextEra Energy by 2.2% during the 2nd quarter. Creative Planning now owns 897,974 shares of the utilities provider’s stock worth $62,337,000 after buying an additional 19,351 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. Wolfe Research lowered their price objective on shares of NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. TD Cowen began coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Finally, UBS Group reaffirmed a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.53.

NextEra Energy Trading Down 0.2%

NEE opened at $83.84 on Friday. The firm has a market capitalization of $174.60 billion, a PE ratio of 26.70, a P/E/G ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company’s 50-day moving average is $79.50 and its 200 day moving average is $74.64.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 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 firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s quarterly revenue was up 5.3% 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 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 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 is Friday, November 21st. NextEra Energy’s payout ratio is currently 71.97%.

Insider Transactions at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,028 shares of company stock worth $1,738,973 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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.