CapWealth Advisors LLC Boosts Holdings in NextEra Energy, Inc. $NEE

Key Points

• CapWealth Advisors LLC increased its holdings in NextEra Energy by 349.5% during the 2nd quarter, acquiring a total of 261,330 shares valued at approximately $18.14 million.
• Wall Street analysts have set price targets for NextEra Energy, with a consensus of $86.40, and a majority of ratings leaning towards buy or strong buy.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting a 2.7% dividend yield and a payout ratio of 79.02%.

CapWealth Advisors LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 349.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,330 shares of the utilities provider's stock after purchasing an additional 203,193 shares during the quarter. NextEra Energy comprises 1.8% of CapWealth Advisors LLC's investment portfolio, making the stock its 25th biggest position. CapWealth Advisors LLC's holdings in NextEra Energy were worth $18,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 purchasing an additional 2,025,193 shares in the last quarter. Northern Trust Corp raised its position in shares of NextEra Energy by 1.1% during the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock valued at $1,655,512,000 after buying an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after buying an additional 1,336,259 shares in the last quarter. GQG Partners LLC raised its position in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 20.7% during the 1st 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 buying an additional 2,815,629 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. TD Cowen began coverage on shares of NextEra Energy in a research report on Thursday. They set a "buy" rating and a $98.00 price objective on the stock. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Morgan Stanley restated an "overweight" rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. BMO Capital Markets raised their price objective 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. Finally, Cowen began coverage on shares of NextEra Energy in a research report on Wednesday. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $86.40.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company's stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. 0.20% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE stock opened at $84.48 on Friday. 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, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The firm's fifty day moving average is $75.54 and its 200 day moving average is $72.22. The firm has a market cap of $173.98 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.87 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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 analyst estimates of $7.52 billion. During the same quarter last year, the firm earned $0.96 EPS. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

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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