65,027 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by L & S Advisors Inc

L & S Advisors Inc bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 65,027 shares of the utilities provider’s stock, valued at approximately $4,605,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Alpha Family Trust purchased a new position in NextEra Energy during the 2nd quarter valued at about $259,000. Plancorp LLC boosted its holdings in shares of NextEra Energy by 1.8% during the second quarter. Plancorp LLC now owns 14,896 shares of the utilities provider’s stock worth $1,055,000 after purchasing an additional 260 shares during the period. Sargent Investment Group LLC acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $223,000. Edgestream Partners L.P. grew its position in NextEra Energy by 485.1% during the second quarter. Edgestream Partners L.P. now owns 18,373 shares of the utilities provider’s stock valued at $1,301,000 after purchasing an additional 15,233 shares in the last quarter. Finally, GDS Wealth Management acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.0 %

NYSE:NEE opened at $84.63 on Tuesday. The company’s 50 day moving average is $77.56 and its 200-day moving average is $71.66. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $85.56. The firm has a market cap of $173.88 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during 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 business earned $0.88 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.43%. NextEra Energy’s payout ratio is 56.13%.

Insider Buying and Selling at NextEra Energy

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

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Morgan Stanley raised their price target on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Evercore ISI boosted their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $81.50.

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.