CreativeOne Wealth LLC Purchases 4,841 Shares of NextEra Energy, Inc. $NEE

Key Points

• CreativeOne Wealth LLC increased its ownership in NextEra Energy by 16.2%, owning 34,726 shares valued at approximately $2.46 million.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also escalated their stakes in NextEra Energy during the first quarter, with institutional investors owning 78.72% of the stock.
• NextEra Energy's stock has experienced recent fluctuations, with a market cap of $148.48 billion and a current share price of around $72.10, while their dividend yield stands at 3.1%.

CreativeOne Wealth LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 34,726 shares of the utilities provider's stock after buying an additional 4,841 shares during the quarter. CreativeOne Wealth LLC's holdings in NextEra Energy were worth $2,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the first quarter valued at about $35,000. Copia Wealth Management purchased a new stake in NextEra Energy during the fourth quarter valued at about $36,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 during the last quarter. Hughes Financial Services LLC purchased a new stake in NextEra Energy during the first quarter valued at about $40,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in NextEra Energy by 543.3% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 489 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.27 during trading on Tuesday, hitting $72.32. The company had a trading volume of 4,620,941 shares, compared to its average volume of 11,767,835. 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 stock's 50-day moving average is $73.23 and its two-hundred day moving average is $71.00. The stock has a market capitalization of $148.92 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.48 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 issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period last year, the business earned $0.96 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared 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. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $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. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.00.

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.