Merriman Wealth Management LLC takes position in NextEra Energy, Inc. (NYSE:NEE)

Merriman Wealth Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,906 shares of the utilities provider’s stock, valued at approximately $206,000.

Several other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its stake in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Camden National Bank boosted its holdings in shares of NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after purchasing an additional 14,477 shares. actions during the period. Ancora Advisors LLC boosted its position in shares of NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares during the last quarter. TrinityPoint Wealth LLC boosted its stake in NextEra Energy by 2.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after acquiring an additional 507 shares during the period. Finally, Raymond James & Associates grew its position in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after buying an additional 2,163,437 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s shares.

Analyst upgrades and downgrades

Several equities research analysts recently weighed in on NEE shares. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Evercore ISI lifted their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. BMO Capital Markets boosted 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. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.87, according to MarketBeat.

Read the latest stock analysis on NEE

Indoor activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders hold 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $82.76 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49, and a quick ratio of 0.41. The company’s 50-day simple moving average is $78.33, and its 200-day simple moving average is $72.34. NextEra Energy, Inc. it has a one year low of $47.15 and a one year high of $85.56. The stock has a market cap of $170.03 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.515 dividend. This represents an annualized dividend of $2.06 and a dividend yield of 2.49%. The ex-dividend date was Friday, August 30. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

About NextEra Energy

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, natural gas and other clean energies. It also develops, builds and operates long-term contracted assets consisting of clean energy solutions such as renewable generation facilities, battery storage projects and electric transmission facilities; sells energy products; and owns, develops, builds, manages and operates electricity generation facilities in wholesale energy markets.

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