Valeo Financial Advisors LLC Grows Stock Position in NextEra Energy, Inc. $NEE

Valeo Financial Advisors LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,790 shares of the utilities provider’s stock after purchasing an additional 2,328 shares during the quarter. Valeo Financial Advisors LLC’s holdings in NextEra Energy were worth $2,485,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 136 shares during the period. Pine Haven Investment Counsel Inc lifted its holdings in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the period. Tradition Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after buying an additional 143 shares during the period. Eagle Wealth Strategies LLC lifted its holdings in shares of NextEra Energy by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock valued at $774,000 after buying an additional 149 shares during the period. Finally, XML Financial LLC lifted its holdings in shares of NextEra Energy by 1.0% in the 2nd quarter. XML Financial LLC now owns 16,447 shares of the utilities provider’s stock valued at $1,142,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 32,705 shares of company stock valued at $2,446,490. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Finally, Evercore ISI set a $92.00 price target on NextEra Energy and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $85.08.

NextEra Energy Stock Performance

Shares of NEE stock opened at $82.13 on Tuesday. The stock has a fifty day moving average price of $73.20 and a 200 day moving average price of $71.36. The stock has a market cap of $169.13 billion, a PE ratio of 28.72, a P/E/G ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.NextEra Energy’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

About NextEra Energy

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.