3,841 Shares in NextEra Energy, Inc. $NEE Acquired by Balefire LLC

Key Points

• Balefire LLC has purchased 3,841 shares of NextEra Energy, Inc. (NYSE:NEE), worth approximately $267,000, during the second quarter.
• NextEra Energy reported a quarterly earnings per share (EPS) of $1.05, surpassing estimates of $1.01, although its total revenue of $6.70 billion fell short of expectations.
• The company has announced a quarterly dividend of $0.5665 per share, reflecting a 3.2% yield, with a dividend payout ratio of 79.37%.

Balefire LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,841 shares of the utilities provider's stock, valued at approximately $267,000.

A number of other large investors also recently made changes to their positions in NEE. Brighton Jones LLC lifted its holdings in 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 acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Woodline Partners LP bought a new stake in shares of NextEra Energy during the 4th quarter worth $8,853,000. Waverly Advisors LLC raised its stake in shares of NextEra Energy by 23.8% during the 4th quarter. Waverly Advisors LLC now owns 47,597 shares of the utilities provider's stock worth $3,412,000 after purchasing an additional 9,136 shares during the period. Finally, Inspire Trust Co. N.A. boosted its holdings in shares of NextEra Energy by 19.3% in the 4th quarter. Inspire Trust Co. N.A. now owns 107,000 shares of the utilities provider's stock worth $7,671,000 after buying an additional 17,341 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC decreased their price target 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. Barclays upped their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president directly owned 10,113 shares in the company, valued at approximately $727,124.70. This trade represents a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the treasurer directly owned 27,662 shares in the company, valued at $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 three months, insiders sold 20,523 shares of company stock valued at $1,476,245. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded up $1.23 during midday trading on Monday, reaching $72.31. 9,850,601 shares of the company's stock traded hands, compared to its average volume of 9,260,582. The firm has a market capitalization of $148.91 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. The company has a 50-day moving average price of $72.71 and a two-hundred day moving average price of $71.07. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. 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.