Prestige Wealth Management Group LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Prestige Wealth Management Group LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,466 shares of the utilities provider’s stock after buying an additional 737 shares during the period. Prestige Wealth Management Group LLC’s holdings in NextEra Energy were worth $529,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in shares of NextEra Energy by 33.3% during the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after buying an additional 8,949 shares during the period. Aveo Capital Partners LLC raised its stake in shares of NextEra Energy by 17.7% during the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 1,206 shares during the period. Gryphon Financial Partners LLC lifted its position in shares of NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after purchasing an additional 4,046 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of NextEra Energy by 56.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 20,027 shares of the utilities provider’s stock valued at $1,216,000 after purchasing an additional 7,247 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in NextEra Energy by 25.4% during the 4th quarter. QRG Capital Management Inc. now owns 156,984 shares of the utilities provider’s stock valued at $9,535,000 after purchasing an additional 31,818 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.35 during mid-day trading on Friday, hitting $79.98. The company had a trading volume of 8,181,470 shares, compared to its average volume of 11,005,735. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $82.14. The stock has a market cap of $164.32 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm’s 50 day simple moving average is $76.13 and its two-hundred day simple moving average is $70.40.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the business posted $0.88 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.58%. NextEra Energy’s payout ratio is currently 56.13%.

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.