GHP Investment Advisors Inc. Purchases 3,700 Shares of NextEra Energy, Inc. $NEE

GHP Investment Advisors Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 454.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,515 shares of the utilities provider’s stock after acquiring an additional 3,700 shares during the quarter. GHP Investment Advisors Inc.’s holdings in NextEra Energy were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in NEE. Brighton Jones LLC grew its position in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. OneDigital Investment Advisors LLC boosted its position in NextEra Energy by 2.9% during the first quarter. OneDigital Investment Advisors LLC now owns 31,631 shares of the utilities provider’s stock worth $2,242,000 after purchasing an additional 882 shares during the period. Strategic Blueprint LLC boosted its position in NextEra Energy by 30.5% during the first quarter. Strategic Blueprint LLC now owns 8,893 shares of the utilities provider’s stock worth $630,000 after purchasing an additional 2,077 shares during the period. Finally, Chilton Capital Management LLC boosted its position in NextEra Energy by 8.2% during the first quarter. Chilton Capital Management LLC now owns 3,315 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 252 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NEE shares. Citigroup reiterated a “buy” rating and set a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Argus set a $90.00 target price on shares of NextEra Energy in a research report on Wednesday, October 29th. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Finally, BTIG Research reissued a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 0.6%

Shares of NextEra Energy stock opened at $81.90 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The stock has a market capitalization of $170.56 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.76 and a beta of 0.66. The company’s 50 day moving average price is $77.44 and its 200-day moving average price is $73.59.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

NextEra Energy 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.