Fairfield Financial Advisors LTD Invests $1.47 Million in NextEra Energy, Inc. (NYSE:NEE)

Fairfield Financial Advisors LTD bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,714 shares of the utilities provider’s stock, valued at approximately $1,467,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BCK Partners Inc. boosted its holdings in shares of NextEra Energy by 3.8% in the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after buying an additional 135 shares during the period. Renasant Bank boosted its stake in NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 142 shares during the period. Stonebridge Capital Advisors LLC increased its holdings in NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 143 shares in the last quarter. Proffitt & Goodson Inc. lifted its holdings in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of NextEra Energy by 1.0% during the second quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.4 %

NEE stock opened at $84.65 on Monday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $84.73. The business’s 50 day simple moving average is $77.31 and its 200 day simple moving average is $71.45. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $173.99 billion, a PE ratio of 23.07, a PEG ratio of 3.03 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.43%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Barclays boosted their price target 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. Finally, Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.50.

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.