Evergreen Capital Management LLC Buys 2,973 Shares of NextEra Energy, Inc. (NYSE:NEE)

Evergreen Capital Management LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,757 shares of the utilities provider’s stock after acquiring an additional 2,973 shares during the period. Evergreen Capital Management LLC’s holdings in NextEra Energy were worth $1,611,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Beck Capital Management LLC bought a new stake in NextEra Energy in the 2nd quarter valued at $2,565,000. Nippon Life Global Investors Americas Inc. increased its stake in NextEra Energy by 58.8% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 109,140 shares of the utilities provider’s stock valued at $7,728,000 after acquiring an additional 40,420 shares during the period. Cyrus J. Lawrence LLC raised its position in NextEra Energy by 0.4% in the second quarter. Cyrus J. Lawrence LLC now owns 117,710 shares of the utilities provider’s stock worth $8,335,000 after purchasing an additional 443 shares in the last quarter. DRW Securities LLC bought a new position in NextEra Energy during the second quarter worth about $1,042,000. Finally, Estabrook Capital Management boosted its holdings in NextEra Energy by 0.5% during the second quarter. Estabrook Capital Management now owns 47,494 shares of the utilities provider’s stock valued at $3,363,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was 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 directly 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 accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.6 %

Shares of NYSE:NEE opened at $84.30 on Wednesday. The company has a 50 day moving average of $78.86 and a 200-day moving average of $72.84. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56. The stock has a market cap of $173.20 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 3.03 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS 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 analysts’ expectations 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 in the previous year, the company posted $0.88 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on NEE shares. Bank of America raised 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. Evercore ISI boosted their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets lifted their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.87.

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.