NextEra Energy, Inc. $NEE Holdings Lifted by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 316.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,802 shares of the utilities provider’s stock after buying an additional 40,878 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in NextEra Energy were worth $3,735,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Avity Investment Management Inc. boosted its stake in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after buying an additional 8,565 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in shares of NextEra Energy by 41.8% during 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 during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at $783,000. Czech National Bank lifted its holdings in shares of NextEra Energy by 6.5% during 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 during the last quarter. Finally, Bowman & Co S.C. lifted its holdings in shares of NextEra Energy by 2.0% during 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 during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.5%

Shares of NextEra Energy stock opened at $80.12 on Friday. The stock has a 50-day moving average price of $72.99 and a 200 day moving average price of $71.28. The company has a market cap of $164.98 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.69 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was 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 directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 over the last 90 days. Company 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.