SFE Investment Counsel Has $3.16 Million Stock Holdings in NextEra Energy Inc (NYSE:NEE)

SFE Investment Counsel lifted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,422 shares of the utilities provider’s stock after purchasing an additional 1,083 shares during the quarter. NextEra Energy makes up about 1.4% of SFE Investment Counsel’s holdings, making the stock its 26th biggest position. SFE Investment Counsel’s holdings in NextEra Energy were worth $3,159,000 at the end of the most recent quarter.

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

NEE has been the subject of several recent analyst reports. Morgan Stanley upped their price objective 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. Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Guggenheim upped their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Wells Fargo & Co upped their price objective 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. Finally, UBS Group upped their price objective on shares of NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $210.50.

In other news, EVP Charles E. Sieving sold 16,446 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the completion of the transaction, the executive vice president now directly owns 67,900 shares of the company’s stock, valued at approximately $13,585,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah H. Caplan sold 2,976 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $194.44, for a total transaction of $578,653.44. Following the transaction, the executive vice president now directly owns 24,477 shares of the company’s stock, valued at $4,759,307.88. 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. Insiders own 0.48% of the company’s stock.

NextEra Energy stock traded up $0.77 during mid-day trading on Wednesday, reaching $212.17. The company had a trading volume of 806,315 shares, compared to its average volume of 1,554,215. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. NextEra Energy Inc has a 52 week low of $164.25 and a 52 week high of $213.23. The stock’s 50 day simple moving average is $208.23. The stock has a market cap of $101.89 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 3.16 and a beta of 0.22.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm 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 EPS. The business’s revenue was up 22.3% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy Inc will post 8.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

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, 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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