Dearborn Partners LLC Raises Stock Position in NextEra Energy Inc (NYSE:NEE)

Dearborn Partners LLC raised its stake in NextEra Energy Inc (NYSE:NEE) by 90.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 216,654 shares of the utilities provider’s stock after buying an additional 102,810 shares during the period. NextEra Energy comprises about 2.8% of Dearborn Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Dearborn Partners LLC’s holdings in NextEra Energy were worth $52,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NEE. Redpoint Investment Management Pty Ltd grew its holdings in shares of NextEra Energy by 7.0% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 39,431 shares of the utilities provider’s stock valued at $9,470,000 after purchasing an additional 2,567 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of NextEra Energy by 73.5% during the 1st quarter. Rafferty Asset Management LLC now owns 8,323 shares of the utilities provider’s stock valued at $2,003,000 after purchasing an additional 3,525 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its holdings in shares of NextEra Energy by 14.1% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,373 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 170 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in shares of NextEra Energy by 3.2% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 3,602 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of NextEra Energy by 35.4% during the 2nd quarter. Larson Financial Group LLC now owns 478 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 125 shares during the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of NextEra Energy from $296.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Vertical Research raised shares of NextEra Energy from a “sell” rating to a “hold” rating and set a $265.00 price target for the company in a research report on Monday, July 27th. Morgan Stanley increased their price target on shares of NextEra Energy from $240.00 to $246.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Credit Suisse Group raised their target price on shares of NextEra Energy from $252.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $258.00.

NYSE NEE traded down $1.64 during trading hours on Friday, reaching $280.70. 2,007,601 shares of the company’s stock traded hands, compared to its average volume of 1,890,628. NextEra Energy Inc has a 52-week low of $174.80 and a 52-week high of $285.63. The firm has a market cap of $138.25 billion, a PE ratio of 38.72, a PEG ratio of 3.88 and a beta of 0.21. The firm has a 50-day simple moving average of $256.40 and a 200 day simple moving average of $248.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.50.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, July 24th. The utilities provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.11. NextEra Energy had a net margin of 18.71% and a return on equity of 10.55%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the company posted $2.35 EPS. NextEra Energy’s revenue was down 15.4% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy Inc will post 9.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, August 27th. This represents a $5.60 dividend on an annualized basis and a yield of 2.00%. NextEra Energy’s dividend payout ratio is currently 66.91%.

In other NextEra Energy news, CEO James L. Robo sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $248.02, for a total transaction of $4,960,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Paul I. Cutler sold 8,772 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $285.00, for a total transaction of $2,500,020.00. Following the sale, the treasurer now owns 86,839 shares of the company’s stock, valued at $24,749,115. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,082 shares of company stock valued at $9,968,924. 0.40% of the stock is owned by company insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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