NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Somerset Group LLC

Somerset Group LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,184 shares of the utilities provider’s stock after purchasing an additional 175 shares during the period. NextEra Energy comprises about 3.3% of Somerset Group LLC’s investment portfolio, making the stock its 8th largest position. Somerset Group LLC’s holdings in NextEra Energy were worth $3,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Intech Investment Management LLC raised its holdings in NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after acquiring an additional 26,382 shares during the last quarter. Camden National Bank grew its position in shares of NextEra Energy by 10.2% in the fourth 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 period. Ancora Advisors LLC increased its stake in NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the last quarter. TrinityPoint Wealth LLC lifted its position in NextEra Energy by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after buying an additional 507 shares during the period. Finally, Raymond James & Associates boosted its stake in NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after buying an additional 2,163,437 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.8 %

Shares of NYSE:NEE opened at $84.28 on Thursday. The company has a market capitalization of $173.16 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a 50 day moving average of $78.05 and a two-hundred day moving average of $71.95. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.56. 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 released 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 net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the business earned $0.88 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Analysts Set New Price Targets

Several brokerages recently commented on NEE. Royal Bank of Canada upped their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred 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 sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.