Accuvest Global Advisors Makes New $3.08 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Accuvest Global Advisors has acquired a new position in NextEra Energy by purchasing 43,459 shares, valued at approximately $3,081,000, making it the firm's 13th largest holding.
• Several other institutional investors have also modified their holdings in NextEra Energy, with 78.72% of the stock currently owned by institutional investors.
• NextEra Energy's quarterly earnings report showed an EPS of $1.05, exceeding the consensus estimate of $1.01, and the company also announced a quarterly dividend of $0.5665 per share.

Accuvest Global Advisors purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,459 shares of the utilities provider's stock, valued at approximately $3,081,000. NextEra Energy accounts for about 2.6% of Accuvest Global Advisors' portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $30,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at about $35,000. Copia Wealth Management bought a new stake in NextEra Energy in the fourth quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC lifted its stake in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $40,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.16 during trading hours on Friday, reaching $72.42. The company had a trading volume of 5,575,056 shares, compared to its average volume of 8,816,330. 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 firm has a market cap of $149.13 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The business has a fifty day simple moving average of $72.56 and a 200 day simple moving average of $70.55.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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 firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NEE. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley decreased their target price 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. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. dropped their target price on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

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.