HBK Sorce Advisory LLC Has $2.85 Million Stock Holdings in NextEra Energy, Inc. $NEE

HBK Sorce Advisory LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,034 shares of the utilities provider’s stock after buying an additional 479 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NextEra Energy were worth $2,849,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. TD Cowen started coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Mizuho boosted their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday. UBS Group reaffirmed a “buy” rating and set a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $90.22.

Insider Buying and Selling

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 stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Down 2.3%

NYSE:NEE opened at $81.67 on Thursday. The firm has a market capitalization of $168.18 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The stock’s 50 day moving average price is $77.09 and its two-hundred day moving average price is $73.23. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 79.37%.

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.