AHL Investment Management Inc. Purchases 23,753 Shares of NextEra Energy, Inc. $NEE

Key Points

• AHL Investment Management Inc. increased its holdings in NextEra Energy by 221.0%, purchasing an additional 23,753 shares to own a total of 34,500 shares, worth approximately $2,395,000.
• Equities analysts have set various new price targets for NextEra Energy, with an average target of $84.00 and ratings ranging from Strong Buy to Hold.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, reflecting an annualized rate of $2.27 and a 3.2% dividend yield.

AHL Investment Management Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 221.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,500 shares of the utilities provider's stock after buying an additional 23,753 shares during the period. NextEra Energy accounts for about 1.6% of AHL Investment Management Inc.'s investment portfolio, making the stock its 24th largest position. AHL Investment Management Inc.'s holdings in NextEra Energy were worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Legacy Financial Strategies LLC increased its position in NextEra Energy by 4.3% in the second quarter. Legacy Financial Strategies LLC now owns 45,753 shares of the utilities provider's stock worth $3,176,000 after purchasing an additional 1,867 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its position in NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock worth $1,140,000 after purchasing an additional 136 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in NextEra Energy in the second quarter worth $123,000. Trust Point Inc. increased its position in NextEra Energy by 12.5% in the second quarter. Trust Point Inc. now owns 26,529 shares of the utilities provider's stock worth $1,842,000 after purchasing an additional 2,939 shares during the last quarter. Finally, Carderock Capital Management Inc. bought a new stake in NextEra Energy in the second quarter worth $66,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Up 0.4%

Shares of NEE stock traded up $0.25 on Friday, hitting $71.04. The stock had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $72.77 and a 200 day moving average price of $71.06. The company has a market cap of $146.29 billion, a PE ratio of 24.84, a P/E/G ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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 during 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 firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is presently 79.02%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly 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 document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,523 shares of company stock valued at $1,476,245. 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.