4,616 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,616 shares of the utilities provider’s stock, valued at approximately $316,000.

Other hedge funds have also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in shares of NextEra Energy by 14.8% in the second quarter. Pathway Financial Advisers LLC now owns 11,755 shares of the utilities provider’s stock valued at $831,000 after buying an additional 1,511 shares during the period. Senator Investment Group LP grew its holdings in NextEra Energy by 5,094.5% during the 2nd quarter. Senator Investment Group LP now owns 1,019,629 shares of the utilities provider’s stock worth $72,200,000 after acquiring an additional 1,000,000 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $1,229,000. Kimelman & Baird LLC bought a new position in shares of NextEra Energy during the second quarter valued at $5,909,000. Finally, Regal Investment Advisors LLC raised its stake in shares of NextEra Energy by 11.0% during the second quarter. Regal Investment Advisors LLC now owns 3,503 shares of the utilities provider’s stock valued at $248,000 after acquiring an additional 346 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.9 %

Shares of NYSE NEE opened at $85.29 on Wednesday. The stock has a market capitalization of $175.23 billion, a P/E ratio of 23.24, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a 50-day moving average price of $80.12 and a 200-day moving average price of $73.74. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $85.75. 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 released 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 net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the firm earned $0.88 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

Insider Activity at NextEra Energy

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 transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEE shares. Morgan Stanley raised their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Wells Fargo & Company raised their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. BMO Capital Markets raised their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $82.33.

NextEra Energy Company 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.