Strategic Financial Concepts LLC Makes New $50,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Strategic Financial Concepts LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 69,981 shares of the utilities provider’s stock, valued at approximately $50,000.

Other hedge funds have also added to or reduced their stakes in the company. Janney Capital Management LLC grew its stake in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares in the last quarter. Intech Investment Management LLC grew its stake in NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after acquiring an additional 26,382 shares in the last quarter. Camden National Bank grew its stake in NextEra Energy by 10.2% in the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after acquiring an additional 14,477 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in shares of NextEra Energy by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after purchasing an additional 507 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays raised their target price on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.50.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 1.4 %

NEE opened at $82.30 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.39. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a fifty day moving average of $76.59 and a two-hundred day moving average of $70.84. The stock has a market capitalization of $169.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.90 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its earnings results 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. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business earned $0.88 earnings per share. On average, research analysts expect 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. Investors of record on Friday, August 30th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.50%. NextEra Energy’s payout ratio is presently 56.13%.

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.