ICW Investment Advisors LLC Purchases 337 Shares of NextEra Energy, Inc. $NEE

ICW Investment Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,322 shares of the utilities provider’s stock after buying an additional 337 shares during the quarter. ICW Investment Advisors LLC’s holdings in NextEra Energy were worth $1,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Somerset Trust Co lifted its holdings in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in NextEra Energy during the 1st quarter valued at $783,000. Viking Fund Management LLC lifted its holdings in NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock valued at $35,091,000 after purchasing an additional 200,000 shares during the last quarter. Trust Co. of Vermont lifted its holdings in NextEra Energy by 2.2% during the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider’s stock valued at $27,335,000 after purchasing an additional 8,472 shares during the last quarter. Finally, Tema Etfs LLC lifted its holdings in NextEra Energy by 835.9% during the 1st quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider’s stock valued at $3,604,000 after purchasing an additional 45,407 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports 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 price target for the company. Barclays lifted 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 raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, HSBC dropped their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $84.00.

NextEra Energy Stock Down 0.1%

Shares of NYSE NEE opened at $72.03 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $148.34 billion, a P/E ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.63. The stock’s fifty day moving average is $73.20 and its 200 day moving average is $70.95.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS 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 company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.1%. NextEra Energy’s payout ratio is presently 79.37%.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

NextEra Energy Company 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.