Butensky & Cohen Financial Security Inc. Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Butensky & Cohen Financial Security Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,287 shares of the utilities provider’s stock after buying an additional 4,755 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in NextEra Energy were worth $3,805,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NEE. United Bank boosted its position in shares of NextEra Energy by 9.8% during the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after acquiring an additional 891 shares during the last quarter. LSV Asset Management boosted its position in shares of NextEra Energy by 9.2% during the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after acquiring an additional 2,700 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of NextEra Energy by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after acquiring an additional 1,587 shares during the last quarter. Covestor Ltd boosted its position in shares of NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 326 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at about $793,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price target on the stock. Guggenheim decreased their target price on shares of NextEra Energy from $92.00 to $86.00 in a research report on Friday, July 7th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 30th. Royal Bank of Canada decreased their target price on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 6th. Finally, StockNews.com assumed coverage on shares of NextEra Energy in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $87.90.

Insider Buying and Selling at NextEra Energy

In related news, Director James Lawrence Camaren purchased 4,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $542,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Kirk S. Hachigian acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Lawrence Camaren acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $67.85 per share, with a total value of $271,400.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $542,800. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.

NextEra Energy Stock Down 0.1 %

NEE stock opened at $68.54 on Monday. The company’s 50 day moving average price is $69.78 and its 200 day moving average price is $73.42. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53. NextEra Energy, Inc. has a fifty-two week low of $65.36 and a fifty-two week high of $88.61. The firm has a market capitalization of $138.71 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.63 and a beta of 0.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.11 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were paid a $0.4675 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 annualized dividend and a yield of 2.73%. NextEra Energy’s dividend payout ratio is currently 46.29%.

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, 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.