NextEra Energy, Inc. $NEE Shares Acquired by Callan Family Office LLC

Callan Family Office LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 135.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,558 shares of the utilities provider’s stock after acquiring an additional 27,377 shares during the quarter. Callan Family Office LLC’s holdings in NextEra Energy were worth $3,301,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after buying an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its stake in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after buying an additional 366 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. Barclays upped their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Melius initiated coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.30 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm’s 50-day simple moving average is $74.20 and its 200 day simple moving average is $71.73. The firm has a market capitalization of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.88 and a beta of 0.66.

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

NextEra Energy Announces Dividend

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

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. 0.20% of the stock is owned by company insiders.

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.