Donoghue Forlines LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Donoghue Forlines LLC acquired a new stake in NextEra Energy, Inc. by purchasing 19,954 shares valued at approximately $1,415,000.
• Corporate insiders, including EVP Robert Coffey and Treasurer James Michael May, sold shares of NextEra Energy, indicating a decrease in their ownership positions.
• NextEra Energy's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $84.42 despite recent price adjustments from various firms.

Donoghue Forlines LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,954 shares of the utilities provider's stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. Trexquant Investment LP purchased a new stake in NextEra Energy during the fourth quarter valued at $874,000. Scotia Capital Inc. raised its stake in NextEra Energy by 18.4% during the fourth quarter. Scotia Capital Inc. now owns 255,724 shares of the utilities provider's stock valued at $18,338,000 after purchasing an additional 39,713 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in NextEra Energy by 4.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 11,190 shares of the utilities provider's stock valued at $802,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 0.8%

NEE stock traded down $0.57 during trading on Tuesday, hitting $71.88. The company had a trading volume of 8,670,921 shares, compared to its average volume of 11,918,792. The firm has a market capitalization of $148.02 billion, a P/E ratio of 25.13, a PEG ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a 50 day simple moving average of $72.61 and a 200-day simple moving average of $70.57. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for 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 firm'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. As a group, research analysts forecast 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 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 of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Transactions 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 transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.