Blair William & Co. IL Has $28.63 Million Stake in NextEra Energy, Inc. $NEE

Blair William & Co. IL lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,467 shares of the utilities provider’s stock after acquiring an additional 11,754 shares during the quarter. Blair William & Co. IL’s holdings in NextEra Energy were worth $28,633,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. lifted its position in shares of NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc grew its position in 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 worth $441,000 after purchasing an additional 140 shares in the last quarter. Tradition Wealth Management LLC increased its stake in 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 last quarter. Tandem Capital Management Corp ADV lifted its position in shares of NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after buying an additional 145 shares in the last quarter. Finally, Eagle Wealth Strategies LLC boosted its stake 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 worth $774,000 after buying an additional 149 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, Treasurer James Michael May sold 2,177 shares of the firm’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 $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock worth $2,446,490 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $83.63 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market cap of $172.22 billion, a PE ratio of 29.24, a PEG ratio of 2.89 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 stock’s fifty day moving average price is $73.94 and its two-hundred day moving average price is $71.63.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Analysts Set New Price Targets

A number of analysts recently commented on NEE shares. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. 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 research report on Friday, August 22nd. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. Finally, Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Monday. One 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. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $85.08.

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.