Private Wealth Partners LLC Acquires 228 Shares of NextEra Energy, Inc. (NYSE:NEE)

Private Wealth Partners LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,196 shares of the utilities provider’s stock after acquiring an additional 228 shares during the period. Private Wealth Partners LLC’s holdings in NextEra Energy were worth $1,926,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Proffitt & Goodson Inc. raised its position 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 raised its position in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the period. American Capital Advisory LLC raised its position 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 during the period. Neo Ivy Capital Management bought a new stake in shares of NextEra Energy during the 4th quarter valued at $40,000. Finally, Family Firm Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter valued at $40,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Barclays lifted their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Scotiabank lifted their price target 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. Finally, Evercore ISI lifted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $83.43 on Thursday. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $83.57. 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 company has a 50-day moving average price of $76.83 and a 200 day moving average price of $70.93. The stock has a market cap of $171.41 billion, a PE ratio of 22.73, a P/E/G ratio of 2.90 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (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 period in the previous year, the company earned $0.88 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.47%. NextEra Energy’s payout ratio is presently 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.