Capital Insight Partners LLC Takes Position in NextEra Energy, Inc. $NEE

Key Points

• Capital Insight Partners LLC acquired a new stake in NextEra Energy, purchasing 7,050 shares valued at approximately $489,000 in the second quarter.
• Analysts have revised their price targets for NextEra Energy, with a consensus price target set at $84.08 following various upgrades from firms like BMO Capital Markets and Mizuho.
• Insider selling has occurred recently, with two executives selling significant amounts of stock, including 7,500 shares sold by EVP Robert Coffey and 10,000 shares sold by EVP Michael Dunne.

Capital Insight Partners LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,050 shares of the utilities provider's stock, valued at approximately $489,000.

Several other hedge funds also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the first quarter worth $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy in the first quarter valued at $35,000. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.08.

Insider Buying and Selling

In other NextEra Energy 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 value of $538,800.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NEE opened at $75.84 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market cap of $156.18 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. The stock has a fifty day simple moving average of $72.63 and a two-hundred day simple moving average of $71.07. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.96 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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