NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Raised by Excalibur Management Corp

Excalibur Management Corp lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,759 shares of the utilities provider’s stock after buying an additional 1,016 shares during the period. Excalibur Management Corp’s holdings in NextEra Energy were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NEE. BCK Partners Inc. increased its stake in shares of NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 135 shares during the last quarter. Renasant Bank raised its stake in shares of NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after buying an additional 142 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in shares of NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after buying an additional 143 shares in the last quarter. Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in shares of NextEra Energy by 1.0% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.0 %

NYSE NEE opened at $84.63 on Tuesday. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $85.56. The stock has a market cap of $173.88 billion, a P/E ratio of 23.06, a P/E/G ratio of 3.03 and a beta of 0.56. The stock’s fifty day moving average price is $77.56 and its 200-day moving average price is $71.66. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Morgan Stanley boosted their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.