Cohen Investment Advisors LLC Boosts Position in NextEra Energy, Inc. $NEE

Key Points

• Cohen Investment Advisors LLC increased its stake in NextEra Energy, Inc. by 9.8%, holding 39,773 shares worth approximately $2.76 million at the end of the recent reporting period.
• Several institutional investors also added to their positions, with hedge funds owning 78.72% of the stock, indicating strong institutional interest in the company.
• NextEra Energy has received a range of analyst ratings, with one analyst giving a Strong Buy rating and a consensus target price of $85.08, reflecting optimistic growth forecasts.

Cohen Investment Advisors LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,773 shares of the utilities provider's stock after purchasing an additional 3,564 shares during the period. Cohen Investment Advisors LLC's holdings in NextEra Energy were worth $2,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the first quarter worth $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy in the first quarter worth $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the first quarter worth $35,000. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Evercore ISI set a $92.00 price target on NextEra Energy and gave the company an "outperform" rating in a report on Monday. Finally, Melius Research raised NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $85.08.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 in the last 90 days. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $84.06 on Thursday. 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 business has a 50-day simple moving average of $73.69 and a two-hundred day simple moving average of $71.53. The stock has a market cap of $173.10 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00.

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 (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 during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy's dividend payout ratio is presently 79.02%.

About NextEra Energy

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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