Palisades Hudson Asset Management L.P. bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,668 shares of the utilities provider’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Genesee Valley Trust Co. increased its stake in shares of NextEra Energy by 0.3% in the 1st quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 10 shares during the last quarter. Day & Ennis LLC increased its stake in shares of NextEra Energy by 0.6% in the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 14 shares during the last quarter. Paragon Capital Management LLC increased its stake in shares of NextEra Energy by 0.3% in the 1st quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock worth $686,000 after acquiring an additional 15 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of NextEra Energy by 0.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after acquiring an additional 15 shares during the last quarter. Finally, Savant Capital LLC increased its stake in shares of NextEra Energy by 0.3% in the 2nd quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock worth $866,000 after acquiring an additional 20 shares during the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.

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Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 147.76 on Friday. The company’s 50 day moving average price is $148.76 and its 200-day moving average price is $141.02. The firm has a market capitalization of $69.33 billion, a P/E ratio of 16.92 and a beta of 0.31. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.9825 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.66%. NextEra Energy’s payout ratio is currently 45.02%.

NEE has been the subject of a number of recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley raised their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co initiated coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $153.09.

In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Insiders sold 63,385 shares of company stock valued at $9,314,382 over the last quarter. Insiders own 0.53% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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