United Capital Management of KS Inc. Increases Position in NextEra Energy Inc (NYSE:NEE)

United Capital Management of KS Inc. increased its stake in NextEra Energy Inc (NYSE:NEE) by 17.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,903 shares of the utilities provider’s stock after acquiring an additional 282 shares during the period. United Capital Management of KS Inc.’s holdings in NextEra Energy were worth $388,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Meridian Financial Partners LLC boosted its position in NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after buying an additional 49 shares during the period. Grove Bank & Trust boosted its position in NextEra Energy by 1.0% during the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 49 shares during the period. Webster Bank N. A. boosted its position in NextEra Energy by 1.4% during the first quarter. Webster Bank N. A. now owns 4,031 shares of the utilities provider’s stock valued at $779,000 after buying an additional 54 shares during the period. Bogart Wealth LLC boosted its position in NextEra Energy by 1.4% during the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock valued at $824,000 after buying an additional 54 shares during the period. Finally, Starfire Investment Advisers Inc. boosted its position in NextEra Energy by 2.9% during the first quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock valued at $381,000 after buying an additional 55 shares during the period. Institutional investors own 75.86% of the company’s stock.

In related news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $202.90, for a total value of $324,640.00. Following the completion of the transaction, the director now directly owns 18,315 shares of the company’s stock, valued at $3,716,113.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John W. Ketchum sold 15,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $204.50, for a total transaction of $3,067,500.00. Following the completion of the transaction, the chief executive officer now directly owns 21,137 shares of the company’s stock, valued at $4,322,516.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,300 shares of company stock valued at $20,217,711. 0.48% of the stock is owned by insiders.

Several research firms have issued reports on NEE. Credit Suisse Group upped their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America increased their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Wells Fargo & Co increased their target price on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Morgan Stanley increased their target price on shares of NextEra Energy from $207.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $210.50.

NEE stock traded up $1.20 during trading on Tuesday, reaching $209.25. The company had a trading volume of 87,759 shares, compared to its average volume of 1,554,215. NextEra Energy Inc has a 52 week low of $164.25 and a 52 week high of $213.23. The stock has a market cap of $101.29 billion, a P/E ratio of 27.17, a P/E/G ratio of 3.16 and a beta of 0.22. The business’s 50 day moving average price is $208.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the firm earned $2.08 earnings per share. NextEra Energy’s revenue was up 22.3% on a year-over-year basis. Analysts forecast that NextEra Energy Inc will post 8.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s payout ratio is currently 64.94%.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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