Crawford Investment Counsel Inc. Acquires 3,589 Shares of NextEra Energy, Inc. (NYSE:NEE)

Crawford Investment Counsel Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 18.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,728 shares of the utilities provider’s stock after buying an additional 3,589 shares during the period. Crawford Investment Counsel Inc.’s holdings in NextEra Energy were worth $1,925,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd bought a new stake in NextEra Energy in the 4th quarter valued at about $527,000. Regal Investment Advisors LLC raised its position in shares of NextEra Energy by 4.2% in the 4th quarter. Regal Investment Advisors LLC now owns 3,450 shares of the utilities provider’s stock valued at $322,000 after buying an additional 140 shares in the last quarter. Bailard Inc. raised its position in shares of NextEra Energy by 16.4% in the 4th quarter. Bailard Inc. now owns 23,817 shares of the utilities provider’s stock valued at $2,224,000 after buying an additional 3,349 shares in the last quarter. Exencial Wealth Advisors LLC raised its position in shares of NextEra Energy by 9.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 6,478 shares of the utilities provider’s stock valued at $605,000 after buying an additional 551 shares in the last quarter. Finally, Covestor Ltd acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $52,000. Institutional investors own 76.89% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John W. Ketchum acquired 12,909 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was bought at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the transaction, the chief executive officer now owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. KeyCorp dropped their target price on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Guggenheim reiterated a “buy” rating and set a $91.00 price objective on shares of NextEra Energy in a research report on Friday, July 22nd. UBS Group lowered their price objective on shares of NextEra Energy to $109.00 in a research report on Tuesday, September 6th. Seaport Res Ptn cut shares of NextEra Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Finally, Wells Fargo & Company upped their price objective on shares of NextEra Energy from $107.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.80.

NextEra Energy Trading Down 0.4 %

NYSE:NEE opened at $89.90 on Monday. The firm’s fifty day moving average is $84.99 and its 200-day moving average is $80.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.47 and a current ratio of 0.53. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $93.73. The firm has a market cap of $176.63 billion, a P/E ratio of 68.63, a P/E/G ratio of 3.22 and a beta of 0.46.

NextEra Energy (NYSE:NEEGet Rating) last posted its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 32.0% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 2.89 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.70 dividend on an annualized basis and a yield of 1.89%. NextEra Energy’s dividend payout ratio is presently 129.77%.

NextEra Energy Profile

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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, coal, and natural gas facilities. 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.

Further Reading

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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