Financial Connections Group Inc. Buys 600 Shares of NextEra Energy, Inc. $NEE

Financial Connections Group Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 82.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,329 shares of the utilities provider’s stock after purchasing an additional 600 shares during the period. Financial Connections Group Inc.’s holdings in NextEra Energy were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NEE. GQG Partners LLC boosted its holdings in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Amundi lifted its holdings in shares of NextEra Energy by 27.8% during the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after acquiring an additional 2,657,438 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Finally, Boston Partners lifted its holdings in shares of NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after acquiring an additional 1,886,999 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.5%

Shares of NextEra Energy stock opened at $83.30 on Friday. The stock has a market capitalization of $171.54 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a 50-day simple moving average of $74.20 and a 200 day simple moving average of $71.73. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00.

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 analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NEE. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.08.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.20% of the company’s stock.

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.