Commonwealth Equity Services LLC Has $192.19 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Commonwealth Equity Services LLC increased its stake in NextEra Energy by 1.0%, owning a total of 2,711,074 shares valued at approximately $192.2 million.
• Insider transactions include Treasurer James Michael May and EVP Robert Coffey selling shares, representing decreases in their respective holdings of 7.30% and 22.03%.
• NextEra Energy's stock recently saw price target adjustments from various analysts, with Barclays raising its target from $65 to $67 and UBS lowering it from $94 to $84, reflecting mixed outlooks.

Commonwealth Equity Services LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,711,074 shares of the utilities provider's stock after buying an additional 26,937 shares during the period. Commonwealth Equity Services LLC owned approximately 0.13% of NextEra Energy worth $192,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $30,000. IMA Advisory Services Inc. bought a new position in NextEra Energy in the first quarter worth approximately $35,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $40,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NEE. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Buying and Selling at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the firm'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 completion of the sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock worth $2,365,398 over the last quarter. Insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NYSE NEE traded up $1.89 during trading hours on Thursday, reaching $72.43. 2,885,210 shares of the stock traded hands, compared to its average volume of 11,974,710. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The stock has a 50 day simple moving average of $72.45 and a two-hundred day simple moving average of $70.52. The company has a market cap of $149.14 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy's payout ratio is 79.37%.

NextEra Energy 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.