Cyndeo Wealth Partners LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 118,977 shares of the utilities provider’s stock after acquiring an additional 2,984 shares during the period. Cyndeo Wealth Partners LLC’s holdings in NextEra Energy were worth $8,259,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Avity Investment Management Inc. lifted its holdings in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in shares of NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at about $783,000. Czech National Bank lifted its holdings in shares of NextEra Energy by 6.5% in the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. lifted its holdings in shares of NextEra Energy by 2.0% in the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
Insider Activity
In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock valued at $2,446,490 in the last ninety days. 0.20% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on NextEra Energy
NextEra Energy Stock Performance
Shares of NEE stock opened at $83.63 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a 50 day moving average price of $73.94 and a 200 day moving average price of $71.63. The firm has a market capitalization of $172.22 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.89 and a beta of 0.66.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 analyst estimates of $7.52 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. NextEra Energy’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend 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.
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