Biltmore Family Office LLC Has $400,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Biltmore Family Office LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,655 shares of the utilities provider’s stock after acquiring an additional 976 shares during the period. Biltmore Family Office LLC’s holdings in NextEra Energy were worth $400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Vaughan David Investments LLC IL boosted its position in shares of NextEra Energy by 0.8% during the second quarter. Vaughan David Investments LLC IL now owns 686,418 shares of the utilities provider’s stock worth $48,605,000 after buying an additional 5,503 shares during the period. Brasada Capital Management LP raised its position in NextEra Energy by 3.6% in the 2nd quarter. Brasada Capital Management LP now owns 139,844 shares of the utilities provider’s stock valued at $10,446,000 after buying an additional 4,818 shares during the last quarter. MGO One Seven LLC lifted its stake in NextEra Energy by 2.7% in the 2nd quarter. MGO One Seven LLC now owns 70,212 shares of the utilities provider’s stock valued at $4,972,000 after acquiring an additional 1,848 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in NextEra Energy by 22.8% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 227,009 shares of the utilities provider’s stock worth $16,075,000 after acquiring an additional 42,087 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in NextEra Energy by 3.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 100,401 shares of the utilities provider’s stock worth $7,109,000 after acquiring an additional 3,540 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective 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. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Wednesday, June 12th. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Finally, BMO Capital Markets upped their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Buying and Selling at NextEra Energy

In other 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 transaction 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 filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $82.30 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $82.39. The business has a 50 day moving average of $76.59 and a 200-day moving average of $70.84. The stock has a market cap of $169.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.90 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The business 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 yield of 2.50%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

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.