Brentview Investment Management LLC Buys 13,418 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

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Brentview Investment Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,877 shares of the utilities provider's stock after purchasing an additional 13,418 shares during the quarter. NextEra Energy makes up approximately 2.5% of Brentview Investment Management LLC's investment portfolio, making the stock its 14th largest holding. Brentview Investment Management LLC's holdings in NextEra Energy were worth $4,670,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC increased its position in NextEra Energy by 3.2% during the first quarter. Sound View Wealth Advisors Group LLC now owns 48,606 shares of the utilities provider's stock worth $3,446,000 after acquiring an additional 1,520 shares during the period. Cordatus Wealth Management LLC increased its position in NextEra Energy by 1.7% during the first quarter. Cordatus Wealth Management LLC now owns 36,112 shares of the utilities provider's stock worth $2,560,000 after acquiring an additional 592 shares during the period. Hoxton Planning & Management LLC bought a new position in NextEra Energy during the first quarter worth about $335,000. Natixis Advisors LLC increased its position in NextEra Energy by 20.3% during the first quarter. Natixis Advisors LLC now owns 1,132,145 shares of the utilities provider's stock worth $80,258,000 after acquiring an additional 191,057 shares during the period. Finally, NorthRock Partners LLC increased its position in NextEra Energy by 2.2% during the first quarter. NorthRock Partners LLC now owns 27,548 shares of the utilities provider's stock worth $1,953,000 after acquiring an additional 594 shares during the period. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president 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 filing with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction 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 owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,361 shares of company stock worth $2,365,398. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Down 1.3%

NEE opened at $71.04 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week 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. The firm has a market capitalization of $146.29 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.48 and a beta of 0.67. The company's 50 day moving average price is $72.13 and its two-hundred day moving average price is $70.47.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the company earned $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy's payout ratio is 79.37%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Barclays raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.42.

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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