Oliver Lagore Vanvalin Investment Group Invests $1.45 Million in NextEra Energy, Inc. $NEE

Key Points

• Oliver Lagore Vanvalin Investment Group acquired 20,412 shares of NextEra Energy, Inc. (NYSE: NEE) valued at approximately $1.447 million during the second quarter.
• NextEra Energy reported $1.05 earnings per share for the last quarter, exceeding the consensus estimate of $1.01, with a net margin of 22.84%.
• The company declared a quarterly dividend of $0.5665 per share, resulting in an annual yield of 3.2% and a payout ratio of 79.37%.

Oliver Lagore Vanvalin Investment Group purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,412 shares of the utilities provider's stock, valued at approximately $1,447,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at approximately $32,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management bought a new position in NextEra Energy during the fourth quarter worth $36,000. Finally, Semmax Financial Advisors Inc. lifted its position in shares of NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president directly owned 10,113 shares in the company, valued at approximately $727,124.70. The trade was a 7.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,523 shares of company stock worth $1,476,245. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NEE shares. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. HSBC dropped their price target 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. BMO Capital Markets increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Price Performance

NYSE:NEE traded up $0.25 during trading hours on Friday, reaching $71.04. 14,817,505 shares of the company were exchanged, compared to its average volume of 9,176,082. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company has a market capitalization of $146.29 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.45 and a beta of 0.65. The business has a 50 day moving average of $72.77 and a 200 day moving average of $71.06. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data 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 business 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%.NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.02%.

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.