4,725 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Hoxton Planning & Management LLC

Key Points

• Hoxton Planning & Management LLC acquired a new stake in NextEra Energy by purchasing 4,725 shares for approximately $335,000 during the first quarter.
• Analysts have mixed ratings for NextEra Energy, with Barclays increasing their target price to $67.00, while UBS Group downgraded it to $84.00.
• The company announced a quarterly dividend of $0.5665 to be paid on September 15th, representing an annualized yield of 3.2%.

Hoxton Planning & Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,725 shares of the utilities provider's stock, valued at approximately $335,000.

Other hedge funds have also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $30,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $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 in the 1st quarter worth about $40,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. Barclays increased 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. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Price Performance

NYSE NEE opened at $71.10 on Friday. The company has a market capitalization of $146.41 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. 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 business's fifty day moving average is $72.21 and its 200 day moving average is $70.50. 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 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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the business'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 sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business'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 sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,361 shares of company stock worth $2,365,398. Corporate insiders own 0.20% of the company's stock.

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.

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