65,601 Shares in NextEra Energy, Inc. $NEE Bought by White Pine Investment CO

Key Points

• White Pine Investment Co. acquired 65,601 shares of NextEra Energy, valued at approximately $4.55 million, indicating growing institutional interest in the company.
• NextEra Energy reported $1.05 earnings per share for the last quarter, surpassing estimates, while revenue was down year-over-year compared to analyst expectations.
• The company has declared a quarterly dividend of $0.5665 per share, reflecting a 3.0% dividend yield, with a payout ratio of 79.02%.

White Pine Investment CO acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 65,601 shares of the utilities provider's stock, valued at approximately $4,554,000.

A number of other institutional investors have also made changes to their positions in NEE. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% in the fourth 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 grew its stake in NextEra Energy by 6.5% in the fourth 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. First Hawaiian Bank grew its stake in NextEra Energy by 34.7% in the first quarter. First Hawaiian Bank now owns 6,078 shares of the utilities provider's stock valued at $431,000 after acquiring an additional 1,566 shares during the period. Mechanics Bank Trust Department grew its stake in NextEra Energy by 2.9% in the first quarter. Mechanics Bank Trust Department now owns 10,379 shares of the utilities provider's stock valued at $736,000 after acquiring an additional 292 shares during the period. Finally, Douglas Lane & Associates LLC grew its stake in NextEra Energy by 4.6% in the first quarter. Douglas Lane & Associates LLC now owns 7,937 shares of the utilities provider's stock valued at $563,000 after acquiring an additional 347 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.5%

NYSE:NEE opened at $76.20 on Tuesday. The firm has a market capitalization of $156.92 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock's 50 day moving average price is $72.63 and its two-hundred day moving average price is $71.09. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm 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%.The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy's payout ratio is 79.02%.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. HSBC decreased their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Finally, Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.08.

Insider Buying and Selling

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of the company'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 completion of the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock worth $1,539,610 over the last 90 days. Company insiders own 0.20% of the company's stock.

NextEra Energy 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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