Benson Investment Management Company Inc. Purchases 7,865 Shares of NextEra Energy, Inc. $NEE

Benson Investment Management Company Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,305 shares of the utilities provider’s stock after purchasing an additional 7,865 shares during the period. Benson Investment Management Company Inc.’s holdings in NextEra Energy were worth $4,881,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Avity Investment Management Inc. raised its holdings in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after acquiring an additional 8,565 shares in the last quarter. Integrity Alliance LLC. raised its holdings in NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after acquiring an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new stake in NextEra Energy during the first quarter worth about $783,000. Czech National Bank raised its holdings in NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after acquiring an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. raised its holdings in NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after acquiring an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock valued at $2,446,490 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $83.30 on Friday. The business’s 50 day moving average price is $74.20 and its two-hundred day moving average price is $71.73. The company has a market cap of $171.54 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NEE shares. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $85.08.

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.