CapWealth Advisors LLC Acquires 29,192 Shares of NextEra Energy, Inc. (NYSE:NEE)

CapWealth Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 196.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,038 shares of the utilities provider’s stock after purchasing an additional 29,192 shares during the quarter. CapWealth Advisors LLC’s holdings in NextEra Energy were worth $3,118,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter worth $2,561,055,000. Nordea Investment Management AB lifted its stake in NextEra Energy by 22.3% in the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after purchasing an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of NextEra Energy by 10.5% during the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after purchasing an additional 629,032 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. Morgan Stanley raised their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

NextEra Energy Stock Performance

NextEra Energy stock opened at $80.33 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. 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 1-year low of $47.15 and a 1-year high of $82.14. The company’s 50-day moving average is $75.95 and its 200 day moving average is $70.14.

NextEra Energy (NYSE:NEE) last issued its quarterly 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. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the business posted $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.515 per share. 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 (DPR) is 56.13%.

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.