Boston Research & Management Inc. Grows Stake in NextEra Energy, Inc. $NEE

Boston Research & Management Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,923 shares of the utilities provider’s stock after purchasing an additional 2,145 shares during the period. Boston Research & Management Inc.’s holdings in NextEra Energy were worth $5,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vestor Capital LLC increased its stake in NextEra Energy by 443.7% during the 2nd quarter. Vestor Capital LLC now owns 3,844 shares of the utilities provider’s stock worth $267,000 after buying an additional 3,137 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after acquiring an additional 340,315 shares during the last quarter. Soundwatch Capital LLC purchased a new stake in shares of NextEra Energy during the second quarter worth approximately $10,070,000. Enterprise Financial Services Corp raised its stake in NextEra Energy by 1.4% in the 2nd quarter. Enterprise Financial Services Corp now owns 23,412 shares of the utilities provider’s stock valued at $1,625,000 after purchasing an additional 316 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in NextEra Energy by 7.2% in the 2nd quarter. Private Management Group Inc. now owns 5,439 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 363 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE stock opened at $83.41 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market capitalization of $173.71 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The firm’s 50-day moving average is $80.87 and its two-hundred day moving average is $75.27. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is 71.97%.

Insiders Place Their Bets

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 168,168 shares of company stock worth $13,917,670. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. Mizuho lifted their target price on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Wolfe Research lowered their price target on shares of NextEra Energy from $94.00 to $87.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday. New Street Research set a $84.00 target price on shares of NextEra Energy in a research note on Monday, October 13th. Finally, Citigroup restated a “buy” rating and set a $96.00 target price (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $90.63.

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.