SageView Advisory Group LLC Purchases 753 Shares of NextEra Energy, Inc. $NEE

SageView Advisory Group LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,077 shares of the utilities provider’s stock after acquiring an additional 753 shares during the period. SageView Advisory Group LLC’s holdings in NextEra Energy were worth $1,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Northern Trust Corp boosted its stake in NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after buying an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after buying an additional 1,336,259 shares in the last quarter. GQG Partners LLC boosted its stake in NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,677 shares of company stock worth $1,415,418 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NEE opened at $71.04 on Thursday. The stock has a fifty day simple moving average of $73.18 and a two-hundred day simple moving average of $71.05. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market cap of $146.30 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.41 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NEE shares. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $84.00.

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.