Atticus Wealth Management LLC Boosts Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Atticus Wealth Management LLC increased its stake in NextEra Energy by 17.9% in Q2, owning 23,698 shares valued at approximately $1.65 million.
• NextEra Energy reported earnings per share of $1.05 for the last quarter, exceeding expectations and achieving a 10.4% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.5665, representing an annual yield of 3.2% with a payout ratio of about 79.02%.

Atticus Wealth Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,698 shares of the utilities provider's stock after purchasing an additional 3,598 shares during the period. Atticus Wealth Management LLC's holdings in NextEra Energy were worth $1,645,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. Brighton Jones LLC boosted its holdings in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Tidal Investments LLC boosted its holdings in shares of NextEra Energy by 8.5% during the fourth quarter. Tidal Investments LLC now owns 63,489 shares of the utilities provider's stock worth $4,552,000 after purchasing an additional 4,955 shares during the period. Vident Advisory LLC boosted its holdings in shares of NextEra Energy by 8.2% during the fourth quarter. Vident Advisory LLC now owns 51,180 shares of the utilities provider's stock worth $3,670,000 after purchasing an additional 3,880 shares during the period. Finally, Woodline Partners LP purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $8,853,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $70.18 on Thursday. The company has a market capitalization of $144.52 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. 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 firm has a 50 day moving average of $72.91 and a 200 day moving average of $71.06. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

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 the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced 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 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is 79.02%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy 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 sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,523 shares of company stock worth $1,476,245. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.

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