eCIO Inc. Makes New $262,000 Investment in NextEra Energy, Inc. $NEE

Key Points

• eCIO Inc. has made a new investment of approximately $262,000 in NextEra Energy, purchasing 3,699 shares of the utility provider.
• Several major institutional investors, including Vanguard Group and Goldman Sachs, have increased their stakes in NextEra Energy, indicating strong interest and confidence in the stock.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting an annualized dividend yield of 3.2%.

eCIO Inc. 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 filing with the SEC. The institutional investor bought 3,699 shares of the utilities provider's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Somerset Trust Co lifted its stake in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of NextEra Energy during the 1st quarter worth about $783,000. Viking Fund Management LLC lifted its position in NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after acquiring an additional 200,000 shares in the last quarter. Trust Co. of Vermont increased its stake in NextEra Energy by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after buying an additional 8,472 shares during the last quarter. Finally, Prostatis Group LLC increased its stake in shares of NextEra Energy by 46.1% during the 1st quarter. Prostatis Group LLC now owns 34,414 shares of the utilities provider's stock worth $2,440,000 after purchasing an additional 10,857 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NEE shares. 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 for the company. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.34 during mid-day trading on Friday, reaching $71.66. 9,343,417 shares of the stock were exchanged, compared to its average volume of 9,308,457. The company has a 50 day simple moving average of $73.10 and a 200-day simple moving average of $71.07. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.47 and a beta of 0.65. 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 released its quarterly 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 company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 completion of 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. Insiders sold a total of 19,677 shares of company stock valued at $1,415,418 over the last quarter. 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.