Ascent Group LLC Has $2.53 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Ascent Group LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,786 shares of the utilities provider’s stock after buying an additional 4,620 shares during the quarter. Ascent Group LLC’s holdings in NextEra Energy were worth $2,534,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Aveo Capital Partners LLC grew its stake in shares of NextEra Energy by 17.7% in the 4th quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 1,206 shares during the period. Gryphon Financial Partners LLC raised its stake in NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after acquiring an additional 4,046 shares in the last quarter. Evoke Wealth LLC lifted its holdings in shares of NextEra Energy by 7.6% during the fourth quarter. Evoke Wealth LLC now owns 11,476 shares of the utilities provider’s stock valued at $697,000 after acquiring an additional 814 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $1,909,000. Finally, Steward Partners Investment Solutions LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth about $434,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s 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 completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. 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 target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Finally, Scotiabank upped their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $82.07.

NextEra Energy Price Performance

NEE opened at $84.54 on Monday. The company has a fifty day moving average price of $79.62 and a two-hundred day moving average price of $73.39. The firm has a market capitalization of $173.69 billion, a PE ratio of 23.04, a P/E/G ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $85.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping 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 period in the previous year, the firm earned $0.88 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

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