NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 171.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,580 shares of the utilities provider’s stock after acquiring an additional 71,150 shares during the quarter. Financial Counselors Inc.’s holdings in NextEra Energy were worth $7,972,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Janney Capital Management LLC lifted its holdings in shares of NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares during the period. Intech Investment Management LLC raised its stake in NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 26,382 shares during the period. Camden National Bank boosted its holdings in shares of NextEra Energy by 10.2% in the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after purchasing an additional 14,477 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after buying an additional 7,677 shares during the period. Finally, TrinityPoint Wealth LLC grew its stake in shares of NextEra Energy by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after buying an additional 507 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. Evercore ISI raised their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $81.00.

NextEra Energy Stock Performance

NextEra Energy stock opened at $80.51 on Tuesday. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $81.07. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $165.41 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The stock has a 50 day moving average of $75.52 and a 200-day moving average of $69.83.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the prior year, the firm posted $0.88 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, August 30th. 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.