Brian Low Financial Group LLC Takes Position in NextEra Energy, Inc. $NEE

Key Points

• Brian Low Financial Group LLC has acquired a new stake in NextEra Energy, purchasing 11,645 shares valued around $808,000 in the second quarter.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, with an annualized yield of 2.7%, to be paid on December 15th.
• Equities research analysts have assigned an average price target of $88.38 for NextEra Energy, with ratings including three "Strong Buy" and eleven "Buy" recommendations.

Brian Low Financial Group LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,645 shares of the utilities provider's stock, valued at approximately $808,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Brighton Jones LLC increased its position in NextEra Energy by 7.0% during the 4th 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 worth $348,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after buying an additional 5,949 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of NextEra Energy by 2.2% during the first quarter. Perigon Wealth Management LLC now owns 68,169 shares of the utilities provider's stock valued at $4,832,000 after buying an additional 1,440 shares during the period. Finally, Pure Financial Advisors LLC acquired a new stake in NextEra Energy during the first quarter worth approximately $228,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. New Street Research set a $84.00 price objective on NextEra Energy in a report on Monday, October 13th. Cowen began coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a "buy" rating on the stock. TD Cowen assumed coverage on NextEra Energy in a report on Thursday, October 16th. They issued a "buy" rating and a $98.00 price target for the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.38.

Insider Activity

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,528 shares of company stock worth $2,277,773. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 1.4%

Shares of NextEra Energy stock opened at $84.42 on Friday. The company has a fifty day moving average price of $76.64 and a 200 day moving average price of $72.78. The stock has a market cap of $173.85 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

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 company 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 company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy's dividend payout ratio is currently 79.37%.

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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