Earned Wealth Advisors LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Earned Wealth Advisors LLC has made a new investment of approximately $256,000 in NextEra Energy, purchasing 3,614 shares in the first quarter, as reported in their SEC filing.
• NextEra Energy's stock is currently trading at $70.41, with a market capitalization of $144.99 billion, and it recently reported earnings of $1.05 per share, beating estimates by $0.04.
• The company has declared a quarterly dividend of $0.5665, which will be paid on September 15th, representing an annualized yield of 3.2%.

Earned Wealth Advisors LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,614 shares of the utilities provider's stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Cim LLC boosted its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares during the last quarter. Conning Inc. boosted its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its stake in shares of NextEra Energy by 4.3% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 161 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of NextEra Energy by 0.7% in the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after purchasing an additional 166 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its stake in shares of NextEra Energy by 2.9% in the 1st quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock valued at $427,000 after purchasing an additional 168 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.64 during mid-day trading on Tuesday, reaching $71.17. The company's stock had a trading volume of 7,177,840 shares, compared to its average volume of 9,466,739. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm's fifty day moving average price is $72.38 and its two-hundred day moving average price is $70.52. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $146.56 billion, a P/E ratio of 24.88, a PEG ratio of 2.43 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. NextEra Energy's revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast 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. Stockholders 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 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio is presently 79.37%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective 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. HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. UBS Group cut their target price 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. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $84.42.

Insider Activity

In related 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 value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,361 shares of company stock valued at $2,365,398 in the last quarter. 0.18% of the stock is currently owned by insiders.

NextEra Energy Company 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.