GSG Advisors LLC Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

GSG Advisors LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,699 shares of the utilities provider’s stock after acquiring an additional 190 shares during the period. GSG Advisors LLC’s holdings in NextEra Energy were worth $468,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Clear Investment Research LLC raised its position in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $29,000. American Capital Advisory LLC boosted its stake in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the period. Stuart Chaussee & Associates Inc. grew its holdings in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. Finally, Morgan Stanley boosted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value 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 $7,697. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE traded down $0.08 on Friday, reaching $77.46. The stock had a trading volume of 5,041,288 shares, compared to its average volume of 11,589,870. The firm has a 50-day moving average of $73.88 and a 200 day moving average of $67.38. The firm has a market capitalization of $159.14 billion, a PE ratio of 21.11, a PEG ratio of 2.84 and a beta of 0.54. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given 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 2.66%. NextEra Energy’s dividend payout ratio is presently 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.