BBR Partners LLC Has $872,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

BBR Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,320 shares of the utilities provider’s stock after purchasing an additional 461 shares during the quarter. BBR Partners LLC’s holdings in NextEra Energy were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Horizon Investment Services LLC increased its position in shares of NextEra Energy by 395.3% during the second quarter. Horizon Investment Services LLC now owns 33,913 shares of the utilities provider’s stock valued at $2,401,000 after acquiring an additional 27,066 shares during the last quarter. CapWealth Advisors LLC lifted its holdings in NextEra Energy by 196.6% during the second quarter. CapWealth Advisors LLC now owns 44,038 shares of the utilities provider’s stock worth $3,118,000 after acquiring an additional 29,192 shares during the period. First Business Financial Services Inc. boosted its position in NextEra Energy by 355.7% in the second quarter. First Business Financial Services Inc. now owns 21,591 shares of the utilities provider’s stock worth $1,529,000 after purchasing an additional 16,853 shares during the last quarter. National Bank of Canada FI grew its stake in NextEra Energy by 14.3% in the 2nd quarter. National Bank of Canada FI now owns 816,536 shares of the utilities provider’s stock valued at $57,068,000 after purchasing an additional 102,101 shares during the period. Finally, SouthState Corp raised its stake in shares of NextEra Energy by 12.7% during the 2nd quarter. SouthState Corp now owns 158,854 shares of the utilities provider’s stock worth $11,248,000 after purchasing an additional 17,905 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Barclays increased their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. 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. Finally, Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Price Performance

NEE stock opened at $80.33 on Friday. The firm has a 50 day moving average of $75.95 and a 200-day moving average of $70.14. The firm has a market capitalization of $165.04 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month 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.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter last year, the company earned $0.88 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm 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 dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

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.