Brown Brothers Harriman & Co. Acquires 21,071 Shares of NextEra Energy, Inc. (NYSE:NEE)

Brown Brothers Harriman & Co. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 175.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,110 shares of the utilities provider’s stock after buying an additional 21,071 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in NextEra Energy were worth $2,345,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the period. Clear Investment Research LLC lifted its position in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $33,000. American Capital Advisory LLC boosted its stake in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in shares of NextEra Energy during the second quarter valued at about $40,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Evercore ISI raised their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Wednesday, June 12th. Barclays raised their price objective on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One research 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, NextEra Energy has an average 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 the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now 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 this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.0 %

Shares of NextEra Energy stock opened at $84.63 on Tuesday. The company has a 50-day simple moving average of $77.56 and a two-hundred day simple moving average of $71.66. The stock has a market capitalization of $173.88 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.03 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 results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during 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 quarter last year, the firm earned $0.88 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.43%. NextEra Energy’s dividend payout ratio (DPR) is presently 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.