Caitlin John LLC Boosts Holdings in NextEra Energy, Inc. $NEE

Key Points

• Caitlin John LLC significantly increased its stake in NextEra Energy, acquiring an additional 3,411 shares, bringing its total holdings to 3,419 shares valued at $242,000.
• NextEra Energy reported a quarterly earnings per share (EPS) of $1.05, exceeding analysts’ estimates, despite revenue falling short of expectations at $6.70 billion.
• The company declared a quarterly dividend of $0.5665, reflecting an annualized rate of $2.27 and a dividend yield of 3.0%.

Caitlin John LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 42,637.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,419 shares of the utilities provider's stock after acquiring an additional 3,411 shares during the period. Caitlin John LLC's holdings in NextEra Energy were worth $242,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tradition Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after acquiring an additional 143 shares during the last quarter. Cim LLC raised its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares in the last quarter. Conning Inc. raised its holdings in shares of NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of NextEra Energy by 0.7% in the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after purchasing an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its stake in shares of NextEra Energy by 2.9% during the 1st quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after acquiring an additional 168 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 1.2%

Shares of NEE traded down $0.93 during mid-day trading on Monday, reaching $75.39. The stock had a trading volume of 6,337,673 shares, compared to its average volume of 9,069,239. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The business's fifty day moving average is $73.08 and its 200 day moving average is $70.86. The firm has a market cap of $155.25 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.63 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insider Activity at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly 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. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday. BMO Capital Markets upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Barclays upped their price objective 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. HSBC lowered their price target 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. Finally, 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 target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $84.23.

NextEra Energy 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.