Focus Partners Wealth Purchases 196,172 Shares of NextEra Energy, Inc. $NEE

Key Points

• Focus Partners Wealth increased its holdings in NextEra Energy by 28.6%, acquiring 196,172 additional shares, bringing its total shares to 882,487, valued at approximately $62.56 million.
• Multiple hedge funds have recently adjusted their stakes in NextEra Energy, with collective ownership by institutional investors and hedge funds reaching 78.72%.
• NextEra Energy announced a quarterly dividend of $0.5665, representing an annualized dividend of $2.27 and a yield of 3.2% for shareholders on record as of August 28th.

Focus Partners Wealth lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 882,487 shares of the utilities provider's stock after purchasing an additional 196,172 shares during the period. Focus Partners Wealth's holdings in NextEra Energy were worth $62,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 1 North Wealth Services LLC bought a new position in NextEra Energy during the 1st quarter worth $26,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the first quarter valued at about $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $36,000. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,677 shares of company stock worth $1,415,418. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NEE. HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Finally, BMO Capital Markets upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Trading Up 1.4%

Shares of NEE stock opened at $71.04 on Thursday. The stock's fifty day moving average price is $73.18 and its two-hundred day moving average price is $71.05. The company has a market cap of $146.30 billion, a PE ratio of 24.84, a P/E/G ratio of 2.41 and a beta of 0.65. 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 debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

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 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 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. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend 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.

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