Caliber Wealth Management LLC KS Boosts Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Caliber Wealth Management LLC KS increased its stake in NextEra Energy by 9.2% in Q2, owning 37,725 shares valued at approximately $2.62 million.
• Major institutional investors, including Vanguard Group and Goldman Sachs, also raised their positions in NextEra Energy, reflecting strong institutional interest with 78.72% of shares held by such investors.
• NextEra Energy recently reported a quarterly earnings per share of $1.05, surpassing analysts' estimates, despite revenue of $6.70 billion falling short of expectations.

Caliber Wealth Management LLC KS grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,725 shares of the utilities provider's stock after purchasing an additional 3,177 shares during the period. Caliber Wealth Management LLC KS's holdings in NextEra Energy were worth $2,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the period. Northern Trust Corp increased its position in shares of NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after acquiring an additional 262,819 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares in the last quarter. GQG Partners LLC raised its stake in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,528 shares of company stock valued at $2,277,773. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Morgan Stanley restated an "overweight" rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective for the company. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.38.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $83.97 on Wednesday. The company has a market capitalization of $172.92 billion, a PE ratio of 29.36, a P/E/G ratio of 2.87 and a beta of 0.66. The company has a 50-day simple moving average of $76.03 and a two-hundred day simple moving average of $72.44. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74. 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 released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's 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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