Annex Advisory Services LLC Acquires 584 Shares of NextEra Energy, Inc. (NYSE:NEE)

Annex Advisory Services LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,364 shares of the utilities provider’s stock after purchasing an additional 584 shares during the quarter. Annex Advisory Services LLC’s holdings in NextEra Energy were worth $521,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Clear Investment Research LLC raised its stake in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the 4th quarter valued at approximately $29,000. American Capital Advisory LLC increased its stake in NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. increased its stake in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy during the 4th quarter valued at approximately $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE traded down $0.08 during mid-day trading on Friday, reaching $77.46. 5,041,288 shares of the stock were exchanged, compared to its average volume of 11,589,870. The business’s 50 day moving average is $73.88 and its 200-day moving average is $67.31. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.56. The company has a market capitalization of $159.14 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.88 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank upped their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Royal Bank of Canada upped their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 in the company, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.