Cornell Pochily Investment Advisors Inc. Increases Stock Holdings in NextEra Energy, Inc. $NEE

Cornell Pochily Investment Advisors Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,558 shares of the utilities provider’s stock after purchasing an additional 1,243 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in NextEra Energy were worth $1,011,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NEE. Tower View Wealth Management LLC lifted its holdings in shares of NextEra Energy by 1,313.5% during the second quarter. Tower View Wealth Management LLC now owns 4,283 shares of the utilities provider’s stock worth $297,000 after purchasing an additional 3,980 shares during the period. J. Safra Sarasin Holding AG lifted its holdings in shares of NextEra Energy by 10.7% during the second quarter. J. Safra Sarasin Holding AG now owns 48,072 shares of the utilities provider’s stock worth $3,337,000 after purchasing an additional 4,655 shares during the period. ASR Vermogensbeheer N.V. lifted its holdings in shares of NextEra Energy by 3.5% during the second quarter. ASR Vermogensbeheer N.V. now owns 262,185 shares of the utilities provider’s stock worth $18,201,000 after purchasing an additional 8,813 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 3.6% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 35,030 shares of the utilities provider’s stock worth $2,432,000 after purchasing an additional 1,203 shares during the period. Finally, Vicus Capital acquired a new stake in shares of NextEra Energy during the second quarter worth about $223,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Buying and Selling

In other news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock valued at $1,539,610 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $78.10 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $72.82 and a two-hundred day moving average of $71.21. The firm has a market cap of $160.83 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio is 79.02%.

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,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.