RFG Advisory LLC Grows Holdings in NextEra Energy, Inc. $NEE

RFG Advisory LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,997 shares of the utilities provider’s stock after buying an additional 5,761 shares during the quarter. RFG Advisory LLC’s holdings in NextEra Energy were worth $3,818,000 as of its most recent SEC filing.

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

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’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 of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of several research reports. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $85.57.

NextEra Energy Price Performance

Shares of NEE opened at $84.67 on Wednesday. The firm has a market capitalization of $174.37 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. 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 $86.00. The stock’s fifty day moving average is $74.74 and its 200-day moving average is $71.94.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

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.