Segment Wealth Management LLC Has $1.61 Million Stock Holdings in NextEra Energy, Inc. $NEE

Segment Wealth Management LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 23,231 shares of the utilities provider’s stock after purchasing an additional 514 shares during the quarter. Segment Wealth Management LLC’s holdings in NextEra Energy were worth $1,613,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NEE. GQG Partners LLC lifted its stake in NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after buying an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 20.7% in the first 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 buying an additional 2,815,629 shares during the period. Amundi lifted its stake 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 during the period. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares during the period. Finally, Boston Partners lifted its stake in NextEra Energy by 55.3% in the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after buying an additional 1,886,999 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.5%

NYSE:NEE opened at $80.12 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market cap of $164.98 billion, a PE ratio of 28.01, a PEG ratio of 2.69 and a beta of 0.66. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00. The stock has a 50-day simple moving average of $72.99 and a 200 day simple moving average of $71.28.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date 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 presently 79.37%.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock valued at $1,539,610 in the last ninety days. Corporate 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.