Sara Bay Financial Has $694,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Sara Bay Financial lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 55.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,799 shares of the utilities provider’s stock after acquiring an additional 3,513 shares during the period. Sara Bay Financial’s holdings in NextEra Energy were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Renasant Bank grew its stake in shares of NextEra Energy by 1.0% during the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after buying an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC increased 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 acquiring an additional 143 shares in the last quarter. NorthCrest Asset Manangement LLC lifted 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 valued at $1,076,000 after acquiring an additional 146 shares during the period. GSG Advisors LLC boosted its stake in NextEra Energy by 2.6% during the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 162 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in NextEra Energy by 2.5% in the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Bank of America raised their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. Finally, Barclays upped their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday. One 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.36.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the 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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.78 during trading on Monday, hitting $79.35. The company’s stock had a trading volume of 5,615,645 shares, compared to its average volume of 11,363,777. The business has a fifty day moving average of $73.99 and a 200-day moving average of $68.06. 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, Inc. has a 52 week low of $47.15 and a 52 week high of $80.56. The company has a market cap of $163.03 billion, a PE ratio of 21.62, a P/E/G ratio of 2.84 and a beta of 0.54.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid 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 dividend yield of 2.60%. NextEra Energy’s payout ratio is currently 56.13%.

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.