NextEra Energy, Inc. $NEE Shares Purchased by CW Advisors LLC

Key Points

• CW Advisors LLC has increased its holdings in NextEra Energy, Inc. by 7.0%, acquiring an additional 19,532 shares, bringing its total holdings to 300,467 shares valued at approximately $21.29 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, which will be payable on September 15th, providing an annualized yield of 3.0% for investors.
• The company reported a 12-month low of $61.72 and a high of $86.10, and its recent earnings showed an EPS of $1.05, exceeding analysts' expectations.

CW Advisors LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,467 shares of the utilities provider's stock after buying an additional 19,532 shares during the period. CW Advisors LLC's holdings in NextEra Energy were worth $21,293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Summit Financial LLC boosted its position in shares of NextEra Energy by 10.0% during the first quarter. Summit Financial LLC now owns 91,888 shares of the utilities provider's stock worth $6,514,000 after buying an additional 8,358 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of NextEra Energy by 0.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 54,846 shares of the utilities provider's stock valued at $3,888,000 after acquiring an additional 498 shares in the last quarter. Aspire Growth Partners LLC raised its stake in shares of NextEra Energy by 12.0% in the first quarter. Aspire Growth Partners LLC now owns 3,143 shares of the utilities provider's stock valued at $212,000 after acquiring an additional 337 shares in the last quarter. Frisch Financial Group Inc. raised its stake in shares of NextEra Energy by 7.8% in the first quarter. Frisch Financial Group Inc. now owns 8,359 shares of the utilities provider's stock valued at $593,000 after acquiring an additional 606 shares in the last quarter. Finally, Breed s Hill Capital LLC raised its stake in shares of NextEra Energy by 7.4% in the first quarter. Breed s Hill Capital LLC now owns 3,022 shares of the utilities provider's stock valued at $214,000 after acquiring an additional 209 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Melius initiated coverage on NextEra Energy in a research note on Wednesday. They issued a "buy" rating and a $77.00 price objective on the stock. Finally, HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $84.23.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 0.2%

NextEra Energy stock traded up $0.1470 during midday trading on Friday, reaching $76.2270. The company's stock had a trading volume of 13,128,624 shares, compared to its average volume of 8,816,513. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 cap of $156.97 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.63 and a beta of 0.63. The business has a 50-day simple moving average of $73.04 and a 200-day simple moving average of $70.80.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, August 28th. 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.