Souders Financial Advisors Has $1.58 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Souders Financial Advisors lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,369 shares of the utilities provider’s stock after selling 664 shares during the quarter. Souders Financial Advisors’ holdings in NextEra Energy were worth $1,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. KPP Advisory Services LLC bought a new position in NextEra Energy in the second quarter valued at about $737,000. New Century Financial Group LLC acquired a new position in NextEra Energy in the second quarter valued at approximately $592,000. Orleans Capital Management Corp LA lifted its stake in NextEra Energy by 0.9% in the second quarter. Orleans Capital Management Corp LA now owns 45,988 shares of the utilities provider’s stock valued at $3,256,000 after buying an additional 400 shares during the period. Cetera Investment Advisers raised its position in shares of NextEra Energy by 7.4% during the second quarter. Cetera Investment Advisers now owns 575,209 shares of the utilities provider’s stock worth $40,731,000 after purchasing an additional 39,522 shares during the period. Finally, 3Chopt Investment Partners LLC acquired a new position in shares of NextEra Energy during the second quarter worth approximately $394,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.0 %

Shares of NYSE NEE opened at $84.52 on Tuesday. 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 stock has a market capitalization of $173.65 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The stock’s fifty day simple moving average is $79.85 and its two-hundred day simple moving average is $73.57. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $85.56.

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. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter last year, the firm earned $0.88 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEE. Scotiabank upped 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. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada raised their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $82.07.

NextEra Energy 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.