M Holdings Securities Inc. Acquires Shares of 12,434 NextEra Energy, Inc. $NEE

M Holdings Securities Inc. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,434 shares of the utilities provider’s stock, valued at approximately $870,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in NextEra Energy during the second quarter worth $2,375,545,000. GQG Partners LLC grew its holdings in shares of NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. Finally, Amundi boosted its position in NextEra Energy by 27.8% in the first 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 in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 168,168 shares of company stock worth $13,917,670 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 2.0%

Shares of NEE opened at $83.29 on Friday. The business’s fifty day moving average price is $83.22 and its two-hundred day moving average price is $76.10. The firm has a market capitalization of $173.46 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.86 and a beta of 0.74. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. Wolfe Research raised their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday. Cowen initiated coverage on NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. HSBC raised their target price on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

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.