Quent Capital LLC Acquires 580 Shares of NextEra Energy, Inc. (NYSE:NEE)

Quent Capital LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.6% in the second quarter, Holdings Channel reports. The firm owned 5,594 shares of the utilities provider’s stock after purchasing an additional 580 shares during the period. Quent Capital LLC’s holdings in NextEra Energy were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Argus Investors Counsel Inc. grew its stake in shares of NextEra Energy by 3.8% during the 4th quarter. Argus Investors Counsel Inc. now owns 29,233 shares of the utilities provider’s stock worth $1,776,000 after acquiring an additional 1,063 shares during the period. International Assets Investment Management LLC grew its stake in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares during the period. Tritonpoint Wealth LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $346,000. Arlington Trust Co LLC grew its stake in shares of NextEra Energy by 188.5% during the 4th quarter. Arlington Trust Co LLC now owns 2,822 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 1,844 shares during the period. Finally, Sabal Trust CO grew its stake in shares of NextEra Energy by 1.1% during the 4th quarter. Sabal Trust CO now owns 356,541 shares of the utilities provider’s stock worth $21,656,000 after acquiring an additional 4,007 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. BMO Capital Markets increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada increased their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Morgan Stanley increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, Citigroup increased their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 0.4 %

NEE traded up $0.29 on Tuesday, hitting $76.97. 9,050,845 shares of the company were exchanged, compared to its average volume of 11,687,139. The firm has a fifty day simple moving average of $73.93 and a two-hundred day simple moving average of $66.81. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.56. The stock has a market capitalization of $158.14 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company earned $0.88 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.