NextEra Energy, Inc. $NEE Shares Purchased by Advisory Alpha LLC

Advisory Alpha LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,643 shares of the utilities provider’s stock after purchasing an additional 257 shares during the period. Advisory Alpha LLC’s holdings in NextEra Energy were worth $1,109,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GQG Partners LLC boosted its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of NextEra Energy during the 4th quarter worth $240,269,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. Amundi grew its position in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares during the period. Finally, GAMMA Investing LLC lifted its position in NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider’s stock worth $174,286,000 after buying an additional 2,429,804 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $70.07 on Wednesday. The business’s 50-day simple moving average is $73.22 and its 200 day simple moving average is $71.05. The company has a market cap of $144.29 billion, a P/E ratio of 24.50, a PEG ratio of 2.40 and a beta of 0.65. 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 one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its 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 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 analysts’ expectations of $7.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy’s payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. increased 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. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.00.

Insider Buying and Selling at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,677 shares of company stock valued at $1,415,418 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.