Forefront Analytics LLC Buys Shares of 16,805 NextEra Energy, Inc. $NEE

Key Points

• Forefront Analytics LLC acquired 16,805 shares of NextEra Energy, Inc. in the second quarter, amounting to approximately $1,167,000 in value.
• NextEra's stock opened at $83.30 and has seen a recent market capitalization of $171.54 billion, with a one-year high of $86.00 and a low of $61.72.
• Insider trades indicated notable sales, with EVP Charles E. Sieving selling 11,336 shares at an average price of $80.00, reducing his stake by 6.34%.

Forefront Analytics LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,805 shares of the utilities provider's stock, valued at approximately $1,167,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the 1st quarter valued at approximately $35,000. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 335.0% in the 1st 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 during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 11,336 shares of the company's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 0.5%

NextEra Energy stock opened at $83.30 on Friday. The stock has a market cap of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.88 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The stock's fifty day moving average is $74.20 and its two-hundred day moving average is $71.73. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Analysts Set New Price Targets

NEE has been the topic of several recent research reports. Melius initiated coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price on the stock. BMO Capital Markets upped 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. Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the stock an "outperform" rating in a research note on Monday. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.08.

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.

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