Brown Miller Wealth Management LLC Boosts Holdings in NextEra Energy, Inc. $NEE

Brown Miller Wealth Management LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,179 shares of the utilities provider’s stock after purchasing an additional 1,382 shares during the period. NextEra Energy makes up about 1.3% of Brown Miller Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Brown Miller Wealth Management LLC’s holdings in NextEra Energy were worth $4,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the 1st quarter worth approximately $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $80.12 on Friday. The firm has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a PEG ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The business has a fifty day moving average of $72.99 and a 200 day moving average of $71.28.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction 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 transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,369 shares of company stock worth $1,539,610. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.08.

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.