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34,548 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Caliber Wealth Management LLC KS

NextEra Energy logo with Utilities background

Key Points

  • Caliber Wealth Management LLC KS invested approximately $2.45 million in NextEra Energy, Inc., acquiring 34,548 shares during the first quarter.
  • Insider activity revealed that EVP Charles E. Sieving sold 23,684 shares worth $1,657,880, reducing his holdings by 10.74%, while Treasurer James Michael May also sold 2,177 shares, decreasing his ownership by 7.30%.
  • Analysts have issued mixed opinions on NextEra Energy, with Barclays raising its price target to $67.00, while several other firms cut their targets, reflecting a variety of outlooks on the stock.
  • MarketBeat previews top five stocks to own in September.

Caliber Wealth Management LLC KS bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,548 shares of the utilities provider's stock, valued at approximately $2,449,000.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its position in shares of 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 lifted its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in NextEra Energy by 149.6% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider's stock valued at $887,000 after purchasing an additional 7,418 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in NextEra Energy by 14.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 6,776 shares of the utilities provider's stock valued at $486,000 after purchasing an additional 871 shares in the last quarter. Finally, Graney & King LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $46,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE traded up $0.61 during trading hours on Tuesday, hitting $71.95. 3,172,439 shares of the stock were exchanged, compared to its average volume of 12,204,186. The stock has a 50-day simple moving average of $72.19 and a 200-day simple moving average of $70.46. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $148.17 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67. 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 (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, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period last year, the business posted $0.96 earnings per share. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. decreased their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company decreased their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.42.

Check Out Our Latest Analysis on NextEra Energy

About NextEra Energy

(Free Report)

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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