TFB Advisors LLC Has $398,000 Position in NextEra Energy, Inc. (NYSE:NEE)

TFB Advisors LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 41.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,617 shares of the utilities provider’s stock after purchasing an additional 1,650 shares during the quarter. TFB Advisors LLC’s holdings in NextEra Energy were worth $398,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP raised its stake in shares of NextEra Energy by 3.0% in the second quarter. Forum Financial Management LP now owns 6,574 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 189 shares during the last quarter. International Assets Investment Management LLC grew its holdings in NextEra Energy by 14.5% during the second quarter. International Assets Investment Management LLC now owns 44,171 shares of the utilities provider’s stock worth $3,128,000 after buying an additional 5,578 shares in the last quarter. iA Global Asset Management Inc. raised its position in NextEra Energy by 5,124.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 99,005 shares of the utilities provider’s stock valued at $7,011,000 after buying an additional 97,110 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in NextEra Energy by 1.2% during the 2nd quarter. Boston Financial Mangement LLC now owns 101,788 shares of the utilities provider’s stock valued at $7,208,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in NextEra Energy by 1.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 738,296 shares of the utilities provider’s stock worth $52,279,000 after acquiring an additional 8,832 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Barclays boosted their target price on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Morgan Stanley increased their price target on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

NextEra Energy Trading Up 1.2 %

Shares of NextEra Energy stock opened at $80.51 on Friday. The stock has a market capitalization of $165.41 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.84 and a beta of 0.54. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $81.07. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The stock’s 50-day simple moving average is $75.24 and its 200 day simple moving average is $69.32.

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, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared 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. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.