Chapin Davis Inc. Increases Position in NextEra Energy, Inc. $NEE

Key Points

• Chapin Davis Inc. increased its stake in NextEra Energy, Inc. by 17.5% during Q2, now owning 29,179 shares valued at approximately $2,026,000.
• NextEra Energy reported $1.05 EPS for the last quarter, exceeding analysts' expectations of $1.01, with a revenue of $6.70 billion compared to the forecast of $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, resulting in a 3.2% yield and a dividend payout ratio of 79.37%.

Chapin Davis Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,179 shares of the utilities provider's stock after purchasing an additional 4,346 shares during the period. Chapin Davis Inc.'s holdings in NextEra Energy were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of 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 buying an additional 298 shares during the last quarter. Forum Financial Management LP grew its position in shares of NextEra Energy by 46.6% in the 4th quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider's stock valued at $714,000 after buying an additional 3,164 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $432,000. Finally, Ascent Group LLC grew its position in shares of NextEra Energy by 4.5% in the 4th quarter. Ascent Group LLC now owns 53,652 shares of the utilities provider's stock valued at $3,846,000 after buying an additional 2,298 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NEE opened at $71.04 on Monday. The company has a 50-day simple moving average of $72.77 and a 200-day simple moving average of $71.07. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $146.29 billion, a PE ratio of 24.84, a P/E/G ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $6.70 billion during 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 business's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40. Following the sale, the executive vice president owned 10,113 shares of the company's stock, valued at approximately $727,124.70. This trade represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,523 shares of company stock valued at $1,476,245. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. BMO Capital Markets increased 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. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

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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