NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Allegheny Financial Group LTD

Allegheny Financial Group LTD boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,379 shares of the utilities provider’s stock after acquiring an additional 489 shares during the quarter. Allegheny Financial Group LTD’s holdings in NextEra Energy were worth $523,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NEE. Proffitt & Goodson Inc. grew its position in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Clear Investment Research LLC increased its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. American Capital Advisory LLC lifted its position in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares in the last quarter. Neo Ivy Capital Management purchased a new position in NextEra Energy during the 4th quarter worth approximately $40,000. Finally, Family Firm Inc. acquired a new stake in NextEra Energy during the 2nd quarter valued at $40,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.1 %

Shares of NYSE:NEE opened at $80.39 on Tuesday. The firm has a market cap of $165.16 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.92 and a beta of 0.54. 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, Inc. has a 12 month low of $47.15 and a 12 month high of $81.07. The company’s 50-day moving average price is $75.52 and its two-hundred day moving average price is $69.83.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Mizuho downgraded 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 report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.50.

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,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.