Fiduciary Family Office LLC Buys Shares of 10,827 NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Fiduciary Family Office LLC acquired 10,827 shares of NextEra Energy, Inc. for approximately $768,000 in the first quarter.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, surpassing analysts' expectations of $1.01.
• The company has declared a quarterly dividend of $0.5665 per share, with a dividend yield of 3.1% and a payout ratio of 79.37%.

Fiduciary Family Office LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,827 shares of the utilities provider's stock, valued at approximately $768,000.

Other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $30,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at approximately $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC increased its holdings 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 purchasing an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at approximately $40,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly 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 own 0.18% of the company's stock.

NextEra Energy Price Performance

NEE traded up $0.09 on Monday, hitting $72.50. 8,419,299 shares of the company's stock were exchanged, compared to its average volume of 8,690,406. The firm has a 50-day moving average price of $72.61 and a 200-day moving average price of $70.57. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $149.31 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.49 and a beta of 0.63. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on NEE shares. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $84.42.

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.