Warwick Investment Management Inc. Purchases 417 Shares of NextEra Energy, Inc. $NEE

Warwick Investment Management Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.8% during the first quarter, HoldingsChannel.com reports. The fund owned 3,675 shares of the utilities provider’s stock after acquiring an additional 417 shares during the quarter. Warwick Investment Management Inc.’s holdings in NextEra Energy were worth $261,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the first quarter valued at about $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $36,000. CBIZ Investment Advisory Services LLC raised its position in NextEra Energy by 237.7% during the first 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. Finally, Hughes Financial Services LLC purchased a new position in NextEra Energy during the first quarter valued at approximately $40,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $74.91 on Wednesday. The firm has a market capitalization of $154.26 billion, a PE ratio of 26.19, a P/E/G ratio of 2.59 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The business has a 50-day moving average of $73.14 and a two-hundred day moving average of $70.89.

NextEra Energy (NYSE:NEE) last announced its 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. The business had revenue of $6.70 billion for 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 revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.02%.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm’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 of the company’s stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. HSBC decreased their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $83.79.

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.