1,179 Shares in NextEra Energy, Inc. $NEE Purchased by RMG Wealth Management LLC

RMG Wealth Management LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,179 shares of the utilities provider’s stock, valued at approximately $90,000.

A number of other large investors also recently bought and sold shares of the business. Bingham Private Wealth LLC raised its holdings in NextEra Energy by 16.4% in the 2nd quarter. Bingham Private Wealth LLC now owns 6,946 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 977 shares during the period. Hardy Reed LLC raised its holdings in NextEra Energy by 2.4% in the 2nd quarter. Hardy Reed LLC now owns 22,740 shares of the utilities provider’s stock worth $1,579,000 after purchasing an additional 537 shares during the period. KPP Advisory Services LLC raised its holdings in NextEra Energy by 12.9% in the 2nd quarter. KPP Advisory Services LLC now owns 15,393 shares of the utilities provider’s stock worth $1,069,000 after purchasing an additional 1,761 shares during the period. Confluence Wealth Services Inc. raised its holdings in NextEra Energy by 1.3% in the 2nd quarter. Confluence Wealth Services Inc. now owns 38,031 shares of the utilities provider’s stock worth $2,640,000 after purchasing an additional 472 shares during the period. Finally, Gratus Wealth Advisors LLC raised its holdings in NextEra Energy by 4.1% in the 2nd quarter. Gratus Wealth Advisors LLC now owns 3,873 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the 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 completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade 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 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 sale, the executive vice president directly owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $82.13 on Tuesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market cap of $169.13 billion, a PE ratio of 28.72, a P/E/G ratio of 2.76 and a beta of 0.66. The stock has a 50 day moving average price of $73.20 and a 200 day moving average price of $71.36.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

NextEra Energy 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.