Great Lakes Advisors LLC Has $48.19 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Great Lakes Advisors LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 680,507 shares of the utilities provider’s stock after selling 13,294 shares during the period. Great Lakes Advisors LLC’s holdings in NextEra Energy were worth $48,187,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC lifted its position 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 acquiring an additional 8,949 shares during the period. Aveo Capital Partners LLC grew its stake in NextEra Energy by 17.7% during the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after buying an additional 1,206 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in NextEra Energy by 49.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after buying an additional 4,046 shares during the period. Principal Securities Inc. bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,409,000. Finally, Principal Street Partners LLC boosted its position in shares of NextEra Energy by 5.5% during the 4th quarter. Principal Street Partners LLC now owns 8,236 shares of the utilities provider’s stock worth $500,000 after acquiring an additional 432 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday. Scotiabank upped 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. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One equities 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

NextEra Energy Trading Down 0.4 %

NYSE NEE traded down $0.35 during trading hours on Friday, hitting $79.98. 8,181,470 shares of the company’s stock were exchanged, compared to its average volume of 11,005,735. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $82.14. 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 stock has a 50-day simple moving average of $76.13 and a 200 day simple moving average of $70.30. The firm has a market cap of $164.32 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.58%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.