35,543 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Wills Financial Group LLC

Key Points

• Wills Financial Group LLC has purchased 35,543 shares of NextEra Energy, Inc., valued at approximately $2,520,000, demonstrating a significant investment in the utilities provider during the first quarter.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.2% and reflecting a dividend payout ratio of 79.37%.
• Analyst ratings for NextEra Energy are generally positive, with a consensus rating of "Moderate Buy" and a consensus target price of $84.42, despite some recent price target revisions by various analysts.

Wills Financial Group LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,543 shares of the utilities provider's stock, valued at approximately $2,520,000.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 298 shares during the period. Trexquant Investment LP bought a new position in NextEra Energy in the fourth quarter valued at about $874,000. Arete Wealth Advisors LLC boosted its position in NextEra Energy by 102.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,086 shares of the utilities provider's stock worth $365,000 after purchasing an additional 2,575 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its position in NextEra Energy by 12.0% in the fourth quarter. Oarsman Capital Inc. now owns 1,873 shares of the utilities provider's stock worth $134,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Barclays increased their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Trading Down 0.9%

Shares of NextEra Energy stock opened at $70.41 on Monday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 capitalization of $144.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.42 and a beta of 0.63. The company has a fifty day moving average of $72.26 and a 200 day moving average of $70.52.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 business's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued 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 is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insider Buying and Selling at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 33,361 shares of company stock valued at $2,365,398 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

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.

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