AlphaQuest LLC Increases Position in NextEra Energy, Inc. $NEE

Key Points

• AlphaQuest LLC increased its holdings in NextEra Energy, Inc. by 101.5% in Q1, owning 29,360 shares valued at approximately $2.08 million after acquiring an additional 14,788 shares.
• Corporate insiders have sold shares, including EVP Robert Coffey and Treasurer James Michael May, with Coffey’s sale decreasing his ownership by 22.03%.
• NextEra Energy reported $1.05 EPS for the last quarter, exceeding expectations, with revenue at $6.70 billion, although below analyst forecasts.

AlphaQuest LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 101.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,360 shares of the utilities provider's stock after purchasing an additional 14,788 shares during the period. AlphaQuest LLC's holdings in NextEra Energy were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the 1st quarter worth approximately $35,000. Copia Wealth Management purchased a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC increased its stake in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in NextEra Energy during the 1st quarter worth approximately $40,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction, the treasurer 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 disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NEE. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday. Finally, Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $83.85.

NextEra Energy Trading Down 0.2%

Shares of NextEra Energy stock opened at $76.0450 on Friday. The stock has a market cap of $156.60 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.62 and a beta of 0.63. The stock's 50 day simple moving average is $73.01 and its 200-day simple moving average is $70.75. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. 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 issued its 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 business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. NextEra Energy's dividend payout ratio is currently 79.37%.

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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