IFG Advisory LLC Purchases 190 Shares of NextEra Energy, Inc. (NYSE:NEE)

IFG Advisory LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,350 shares of the utilities provider’s stock after purchasing an additional 190 shares during the period. IFG Advisory LLC’s holdings in NextEra Energy were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its holdings in shares of NextEra Energy by 34.6% in the second quarter. Concurrent Investment Advisors LLC now owns 86,666 shares of the utilities provider’s stock worth $6,137,000 after acquiring an additional 22,286 shares during the period. Legacy Advisors LLC boosted its holdings in shares of NextEra Energy by 160.8% in the second quarter. Legacy Advisors LLC now owns 10,952 shares of the utilities provider’s stock worth $776,000 after acquiring an additional 6,753 shares during the period. Klingman & Associates LLC boosted its holdings in shares of NextEra Energy by 8.6% in the second quarter. Klingman & Associates LLC now owns 15,704 shares of the utilities provider’s stock worth $1,112,000 after acquiring an additional 1,242 shares during the period. Blue Fin Capital Inc. boosted its holdings in shares of NextEra Energy by 3.2% in the second quarter. Blue Fin Capital Inc. now owns 42,714 shares of the utilities provider’s stock worth $3,025,000 after acquiring an additional 1,341 shares during the period. Finally, Mirova US LLC boosted its holdings in shares of NextEra Energy by 1.8% in the second quarter. Mirova US LLC now owns 3,829,237 shares of the utilities provider’s stock worth $271,148,000 after acquiring an additional 67,250 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore ISI raised their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Citigroup lifted their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a research note 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

NextEra Energy Trading Up 1.2 %

NYSE NEE opened at $80.51 on Friday. The stock’s 50-day simple moving average is $75.39 and its two-hundred day simple moving average is $69.57. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $81.07. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $165.48 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly 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 business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the business posted $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

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.