Farmers & Merchants Investments Inc. Purchases 9,098 Shares of NextEra Energy, Inc. $NEE

Farmers & Merchants Investments Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,733 shares of the utilities provider's stock after buying an additional 9,098 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in NextEra Energy were worth $9,700,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NEE. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the last quarter. Forum Financial Management LP lifted its holdings in NextEra Energy by 46.6% in the 4th quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider's stock worth $714,000 after purchasing an additional 3,164 shares during the last quarter. Putney Financial Group LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $432,000. Finally, Ascent Group LLC lifted its holdings in NextEra Energy by 4.5% in the 4th quarter. Ascent Group LLC now owns 53,652 shares of the utilities provider's stock worth $3,846,000 after purchasing an additional 2,298 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,523 shares of company stock worth $1,476,245. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research analyst reports. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, Mizuho set a $78.00 target price on 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 given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

NextEra Energy Price Performance

NextEra Energy stock opened at $71.04 on Monday. The firm has a market capitalization of $146.29 billion, a P/E ratio of 24.84, a PEG ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The business has a 50-day moving average of $72.77 and a 200-day moving average of $71.07. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.