Vermillion & White Wealth Management Group LLC Purchases 242 Shares of NextEra Energy, Inc. $NEE

Vermillion & White Wealth Management Group LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 71.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579 shares of the utilities provider’s stock after buying an additional 242 shares during the quarter. Vermillion & White Wealth Management Group LLC’s holdings in NextEra Energy were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the 1st quarter worth $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter worth $36,000. CBIZ Investment Advisory Services LLC grew 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 worth $37,000 after buying an additional 366 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of NextEra Energy during the 1st quarter worth $40,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of NextEra Energy by 543.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider’s stock worth $41,000 after buying an additional 489 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the firm’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 completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm’s 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 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 disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Barclays raised their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $72.10 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. The company has a market cap of $148.48 billion, a PE ratio of 25.21, a P/E/G ratio of 2.54 and a beta of 0.63. The business has a 50-day simple moving average of $73.20 and a two-hundred day simple moving average of $70.93. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

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.