Radnor Capital Management LLC Increases Stock Position in NextEra Energy, Inc. $NEE

Radnor Capital Management LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,568 shares of the utilities provider’s stock after acquiring an additional 980 shares during the period. Radnor Capital Management LLC’s holdings in NextEra Energy were worth $1,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NEE. Somerset Trust Co grew its position in NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after buying an additional 4,445 shares during the last quarter. Elyxium Wealth LLC purchased a new position in NextEra Energy in the 1st quarter valued at $783,000. Integrity Alliance LLC. grew its position in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 7,401 shares during the last quarter. Viking Fund Management LLC grew its position in NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock valued at $35,091,000 after buying an additional 200,000 shares during the last quarter. Finally, Focus Partners Wealth grew its position in NextEra Energy by 28.6% in the 1st quarter. Focus Partners Wealth now owns 882,487 shares of the utilities provider’s stock valued at $62,560,000 after buying an additional 196,172 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 2.4%

NextEra Energy stock opened at $69.79 on Wednesday. The stock has a market cap of $143.72 billion, a PE ratio of 24.40, a P/E/G ratio of 2.46 and a beta of 0.65. The stock has a 50-day moving average price of $72.98 and a 200 day moving average price of $71.07. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. 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 (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. Equities research analysts predict 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 was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective on the stock. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Insider Buying and Selling

In related news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the sale, the executive vice president owned 10,113 shares of the company’s stock, valued at $727,124.70. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,523 shares of company stock worth $1,476,245. 0.18% of the stock is owned by company insiders.

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.