NextEra Energy, Inc. (NYSE:NEE) Holdings Raised by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,539 shares of the utilities provider’s stock after purchasing an additional 534 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in NextEra Energy were worth $1,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charter Oak Capital Management LLC increased its holdings in shares of NextEra Energy by 1.0% during the 1st quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock worth $1,039,000 after acquiring an additional 130 shares during the last quarter. Horan Securities Inc. increased its holdings in shares of NextEra Energy by 22.6% during the 1st quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 131 shares during the last quarter. Nvest Financial LLC increased its holdings in shares of NextEra Energy by 1.1% during the 1st quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock worth $913,000 after acquiring an additional 132 shares during the last quarter. White Pine Capital LLC increased its holdings in shares of NextEra Energy by 0.8% during the 1st quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock worth $1,260,000 after acquiring an additional 135 shares during the last quarter. Finally, Keystone Wealth Services LLC increased its holdings in shares of NextEra Energy by 4.0% during the 1st quarter. Keystone Wealth Services LLC now owns 3,576 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 136 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 4,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $74.90, for a total value of $299,600.00. Following the completion of the transaction, the executive vice president now directly owns 11,292 shares in the company, valued at $845,770.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert Coffey sold 4,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $74.90, for a total value of $299,600.00. Following the completion of the sale, the executive vice president now owns 11,292 shares of the company’s stock, valued at $845,770.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kirk S. Hachigian purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $67.95 per share, with a total value of $679,500.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The disclosure for this purchase can be found here. Over the last three months, insiders bought 27,600 shares of company stock worth $1,960,836. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NEE shares. The Goldman Sachs Group assumed coverage on NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 target price on the stock. Morgan Stanley decreased their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. StockNews.com assumed coverage on NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Guggenheim decreased their price objective on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Finally, JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $85.00 to $80.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.44 during trading on Wednesday, reaching $67.07. 2,687,832 shares of the company traded hands, compared to its average volume of 8,087,317. The company’s 50 day moving average is $71.54 and its two-hundred day moving average is $74.04. The firm has a market capitalization of $135.73 billion, a PE ratio of 16.71, a PEG ratio of 2.61 and a beta of 0.46. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.14. NextEra Energy, Inc. has a 52 week low of $66.67 and a 52 week high of $91.06.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the company earned $0.81 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.11 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be given a $0.4675 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.87 annualized dividend and a yield of 2.79%. NextEra Energy’s dividend payout ratio is presently 46.29%.

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, coal, and natural gas facilities. 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.