Brendel Financial Advisors LLC Purchases 479 Shares of NextEra Energy, Inc. $NEE

Brendel Financial Advisors LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,910 shares of the utilities provider’s stock after acquiring an additional 479 shares during the quarter. NextEra Energy comprises about 2.1% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Brendel Financial Advisors LLC’s holdings in NextEra Energy were worth $3,812,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the 1st quarter worth $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy in the 1st quarter worth $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the 1st quarter worth $35,000. Copia Wealth Management acquired a new stake in NextEra Energy in the 4th quarter worth $36,000. Finally, Semmax Financial Advisors Inc. grew its position in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Insider Buying and Selling at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,523 shares of company stock valued at $1,476,245. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $71.04 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market cap of $146.29 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The firm’s 50-day simple moving average is $72.77 and its 200-day simple moving average is $71.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is 79.37%.

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.