NextEra Energy, Inc. $NEE Shares Purchased by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 512,074 shares of the utilities provider’s stock after purchasing an additional 8,447 shares during the quarter. NextEra Energy accounts for about 1.7% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 27th biggest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in NextEra Energy were worth $35,548,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Intech Investment Management LLC grew its position in NextEra Energy by 763.6% in the 2nd quarter. Intech Investment Management LLC now owns 348,807 shares of the utilities provider’s stock worth $24,214,000 after purchasing an additional 308,415 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in NextEra Energy by 45.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,610 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 6,096 shares in the last quarter. Creative Planning increased its position in NextEra Energy by 2.2% in the 2nd quarter. Creative Planning now owns 897,974 shares of the utilities provider’s stock valued at $62,337,000 after acquiring an additional 19,351 shares during the period. WealthShield Partners LLC raised its stake in NextEra Energy by 5.1% during the 2nd quarter. WealthShield Partners LLC now owns 32,248 shares of the utilities provider’s stock valued at $2,239,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in NextEra Energy by 1.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,877,791 shares of the utilities provider’s stock worth $269,196,000 after acquiring an additional 42,525 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.84 on Friday. The company has a 50-day moving average of $79.50 and a 200-day moving average of $74.59. The firm has a market cap of $174.60 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS 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 the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho raised their price target on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. BTIG Research reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Cowen assumed coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Barclays set a $88.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.53.

Insider Transactions at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,028 shares of company stock valued at $1,738,973 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Company 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.