NextEra Energy, Inc. $NEE Shares Acquired by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 266,053 shares of the utilities provider’s stock after purchasing an additional 11,430 shares during the quarter. NextEra Energy makes up approximately 1.9% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 21st largest position. Matrix Asset Advisors Inc. NY’s holdings in NextEra Energy were worth $18,469,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NEE. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $35,000. Semmax Financial Advisors Inc. increased its position in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of 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 business’s fifty day simple moving average is $74.20 and its 200-day simple moving average is $71.74. The firm has a market cap of $171.54 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.87 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 (NYSE:NEE) last announced 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 business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.02%.

Analyst Ratings Changes

Several brokerages recently commented on NEE. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. 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. Morgan Stanley restated an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Evercore ISI set a $92.00 target price on NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. One equities research 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 company’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus 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.