Narwhal Capital Management Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Narwhal Capital Management raised its position in NextEra Energy, Inc. (NYSE:NEE) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,647 shares of the utilities provider’s stock after purchasing an additional 7,602 shares during the period. NextEra Energy accounts for 0.9% of Narwhal Capital Management’s investment portfolio, making the stock its 28th largest holding. Narwhal Capital Management’s holdings in NextEra Energy were worth $10,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. boosted its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Clear Investment Research LLC lifted its position in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the last quarter. American Capital Advisory LLC lifted its position in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of NextEra Energy in the 4th quarter valued at $40,000. Finally, Family Firm Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Down 0.4 %

NEE stock opened at $79.98 on Friday. The stock has a market capitalization of $164.32 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a fifty day moving average of $76.13 and a 200-day moving average of $70.30. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $82.14.

NextEra Energy (NYSE:NEE) last posted its quarterly 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 firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

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 paid a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America upped their price objective 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. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. Evercore ISI lifted their price target 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. Scotiabank boosted 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, Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

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.