Hershey Financial Advisers LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Hershey Financial Advisers LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,360 shares of the utilities provider’s stock, valued at approximately $1,229,000. NextEra Energy accounts for approximately 1.1% of Hershey Financial Advisers LLC’s portfolio, making the stock its 25th largest position.

Several other large investors have also recently bought and sold shares of NEE. Proffitt & Goodson Inc. grew its holdings in shares of NextEra Energy by 64.0% in the 2nd 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. Semmax Financial Advisors Inc. grew its holdings in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. American Capital Advisory LLC increased its position in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy in the second quarter valued at $33,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NEE. Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their price target 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, Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.07.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was 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 $7,697. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.3 %

Shares of NYSE NEE opened at $84.54 on Monday. The stock 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. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $79.62 and a 200-day moving average of $73.39. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates 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 firm posted $0.88 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

About NextEra Energy

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.