8,925 Shares in NextEra Energy, Inc. $NEE Acquired by Charter Capital Management LLC DE

Key Points

• Charter Capital Management LLC DE acquired 8,925 shares of NextEra Energy, valued at approximately $620,000, representing 0.4% of its holdings and making it the firm's 27th biggest holding.
• NextEra Energy's recent insider trading saw Treasurer James Michael May and EVP Robert Coffey sell a combined total of over 9,500 shares, indicating decreases in their ownership positions.
• The company reported $1.05 earnings per share in its last quarterly earnings, exceeding analysts' expectations, despite a revenue of $6.70 billion, which was below the forecast of $7.52 billion.

Charter Capital Management LLC DE purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,925 shares of the utilities provider's stock, valued at approximately $620,000. NextEra Energy comprises approximately 0.4% of Charter Capital Management LLC DE's holdings, making the stock its 27th biggest holding.

A number of other large investors also recently modified their holdings of NEE. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy during the first quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the first quarter worth approximately $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $36,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of NextEra Energy by 335.0% during the first 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on 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 $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,523 shares of company stock valued at $1,476,245. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. HSBC cut 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. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.00.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $72.27 on Wednesday. The business's fifty day moving average price is $72.66 and its two-hundred day moving average price is $71.07. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market capitalization of $148.81 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.49 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

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 analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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 $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date 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.

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