NorthCrest Asset Manangement LLC Has $1.08 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

NorthCrest Asset Manangement LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 15,194 shares of the utilities provider’s stock after purchasing an additional 146 shares during the period. NorthCrest Asset Manangement LLC’s holdings in NextEra Energy were worth $1,076,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NEE. Janney Capital Management LLC grew its position in NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after buying an additional 4,047 shares during the period. AJOVista LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at $162,000. Intech Investment Management LLC raised its holdings in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares during the last quarter. Camden National Bank increased its position in NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after purchasing an additional 14,477 shares during the period. Finally, Ninety One North America Inc. raised its position in shares of NextEra Energy by 62.0% in the 4th quarter. Ninety One North America Inc. now owns 159,541 shares of the utilities provider’s stock worth $9,691,000 after purchasing an additional 61,058 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.2 %

NextEra Energy stock traded down $0.19 during trading on Wednesday, reaching $77.93. 944,152 shares of the company were exchanged, compared to its average volume of 11,443,967. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.56. The stock’s 50 day simple moving average is $73.89 and its two-hundred day simple moving average is $67.66. The company has a market capitalization of $160.11 billion, a P/E ratio of 21.28, a PEG ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business 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 quarter in the prior year, the company posted $0.88 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors 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 yield of 2.64%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’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 sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NEE shares. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. BMO Capital Markets raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Wednesday, June 12th. Finally, Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

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.