Lokken Investment Group LLC Acquires 1,804 Shares of NextEra Energy, Inc. (NYSE:NEE)

Lokken Investment Group LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,607 shares of the utilities provider’s stock after purchasing an additional 1,804 shares during the quarter. Lokken Investment Group LLC’s holdings in NextEra Energy were worth $1,601,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NEE. Proffitt & Goodson Inc. boosted its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the period. Clear Investment Research LLC raised its position in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at approximately $33,000. American Capital Advisory LLC boosted its position in 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 acquiring an additional 205 shares during the last quarter. Finally, Family Firm Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $40,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. 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. Morgan Stanley increased their price target on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Up 0.4 %

NEE stock opened at $84.97 on Wednesday. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56. The stock has a market cap of $174.57 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a fifty day moving average price of $77.82 and a two-hundred day moving average price of $71.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.42%. NextEra Energy’s dividend payout ratio (DPR) is currently 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.