Wealth Advisors of Tampa Bay LLC Buys Shares of 19,195 NextEra Energy, Inc. (NYSE:NEE)

Wealth Advisors of Tampa Bay LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,195 shares of the utilities provider’s stock, valued at approximately $1,359,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Intech Investment Management LLC lifted its position in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Camden National Bank lifted its holdings in NextEra Energy by 10.2% in the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after purchasing an additional 14,477 shares during the last quarter. Ancora Advisors LLC boosted its position in NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after purchasing an additional 7,677 shares during the period. TrinityPoint Wealth LLC grew its holdings in NextEra Energy by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after purchasing an additional 507 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of NextEra Energy by 57.0% in the second 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. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 2.4 %

NEE stock opened at $82.29 on Friday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. 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 business’s 50 day moving average is $78.20 and its 200-day moving average is $72.02. The firm has a market cap of $169.07 billion, a P/E ratio of 22.42, a P/E/G ratio of 3.03 and a beta of 0.56.

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. The firm 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 in the prior year, the business posted $0.88 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.50%. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. BMO Capital Markets boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Mizuho downgraded 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. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Barclays raised their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.87.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.