Butensky & Cohen Financial Security Inc. Buys Shares of 80,191 NextEra Energy, Inc. $NEE

Key Points

• Butensky & Cohen Financial Security Inc. has purchased 80,191 shares of NextEra Energy, Inc., valued at approximately $5.57 million, making it the fund's 17th largest holding.
• Several institutional investors are increasing their stakes in NextEra Energy, with 78.72% of the stock currently owned by institutional investors and hedge funds.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, representing an annual yield of 3.2% and a payout ratio of 79.37%.

Butensky & Cohen Financial Security Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 80,191 shares of the utilities provider's stock, valued at approximately $5,567,000. NextEra Energy comprises approximately 1.7% of Butensky & Cohen Financial Security Inc.'s portfolio, making the stock its 17th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Somerset Trust Co lifted its stake in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after acquiring an additional 4,445 shares during the last quarter. Avity Investment Management Inc. raised its position in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after purchasing an additional 8,565 shares during the period. Integrity Alliance LLC. raised its position in shares of NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock valued at $1,779,000 after purchasing an additional 7,401 shares during the period. Elyxium Wealth LLC bought a new position in shares of NextEra Energy in the first quarter valued at approximately $783,000. Finally, Focus Partners Wealth raised its position in shares of NextEra Energy by 28.6% in the first quarter. Focus Partners Wealth now owns 882,487 shares of the utilities provider's stock valued at $62,560,000 after purchasing an additional 196,172 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEE shares. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Melius assumed coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $84.00.

NextEra Energy Stock Up 0.4%

Shares of NYSE:NEE opened at $71.04 on Friday. 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. The company's fifty day moving average is $72.77 and its 200-day moving average is $71.06. The company has a market capitalization of $146.29 billion, a PE ratio of 24.84, a P/E/G ratio of 2.44 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate 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. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors 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 yield of 3.2%. NextEra Energy's dividend payout ratio is 79.37%.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $71.90, for a total transaction of $60,827.40. Following the transaction, the executive vice president owned 10,113 shares in the company, valued at $727,124.70. This represents a 7.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, 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. Insiders have sold 20,523 shares of company stock worth $1,476,245 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

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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