Modera Wealth Management LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Modera Wealth Management LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,272 shares of the utilities provider’s stock after acquiring an additional 249 shares during the period. Modera Wealth Management LLC’s holdings in NextEra Energy were worth $2,781,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in shares of NextEra Energy by 33.3% during the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after purchasing an additional 8,949 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in shares of NextEra Energy by 1,573.0% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 596,204 shares of the utilities provider’s stock worth $36,213,000 after buying an additional 560,567 shares in the last quarter. Stonebrook Private Inc. bought a new position in NextEra Energy during the fourth quarter valued at approximately $215,000. Investment House LLC grew its holdings in NextEra Energy by 6.6% during the 4th quarter. Investment House LLC now owns 21,250 shares of the utilities provider’s stock valued at $1,291,000 after buying an additional 1,325 shares in the last quarter. Finally, Certuity LLC increased its stake in NextEra Energy by 52.3% in the 4th quarter. Certuity LLC now owns 10,152 shares of the utilities provider’s stock worth $617,000 after acquiring an additional 3,487 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NEE. Morgan Stanley increased their target price on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Evercore ISI increased their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada upped their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Barclays lifted their price target on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.00.

NextEra Energy Trading Up 1.2 %

Shares of NYSE NEE traded up $0.99 during midday trading on Friday, hitting $80.51. The company’s stock had a trading volume of 6,801,891 shares, compared to its average volume of 11,064,933. The business’s 50 day moving average is $75.24 and its two-hundred day moving average is $69.32. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $81.07. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market cap of $165.41 billion, a P/E ratio of 21.94, a price-to-earnings-growth 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 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.88 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.