Luts & Greenleigh Group Inc. Buys New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Luts & Greenleigh Group Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 2nd quarter, Holdings Channel.com reports. The firm bought 3,892 shares of the utilities provider’s stock, valued at approximately $276,000.

Several other hedge funds have also bought and sold shares of the company. Citizens Financial Group Inc. RI lifted its stake in NextEra Energy by 2.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 195,152 shares of the utilities provider’s stock valued at $13,819,000 after purchasing an additional 3,796 shares during the last quarter. One Capital Management LLC lifted its stake in NextEra Energy by 329.0% in the 2nd quarter. One Capital Management LLC now owns 13,914 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 10,671 shares during the last quarter. American Planning Services Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at about $1,289,000. Perissos Private Wealth Management LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at about $762,000. Finally, Dimensional Fund Advisors LP lifted its stake in NextEra Energy by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,371,154 shares of the utilities provider’s stock valued at $309,595,000 after purchasing an additional 442,086 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $84.63 on Tuesday. The company’s 50 day simple moving average is $77.56 and its 200 day simple moving average is $71.66. The stock has a market capitalization of $173.88 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $85.56.

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

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NEE shares. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Morgan Stanley raised their price objective on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insider Transactions at NextEra Energy

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

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.