Foster Victor Wealth Advisors LLC Boosts Holdings in NextEra Energy, Inc. $NEE

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in NextEra Energy, Inc. by 5.5%, owning 98,683 shares valued at approximately $7.27 million after purchasing an additional 5,159 shares in Q2.
• Insider trading reports indicate that executives Robert Coffey and James Michael May sold a total of 9,677 shares, representing significant decreases in their respective positions, amounting to over $700,000 in total sales.
• NextEra Energy recently declared a quarterly dividend of $0.5665, with a yield of 3.1%, and has an annual payout ratio of 79.02%.

Foster Victor Wealth Advisors LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,683 shares of the utilities provider's stock after buying an additional 5,159 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in NextEra Energy were worth $7,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in NextEra Energy during the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy in the first quarter worth about $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the first quarter worth about $35,000. Copia Wealth Management bought a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Semmax Financial Advisors Inc. grew its holdings in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after buying an additional 392 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction 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 sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,523 shares of company stock worth $1,476,245 in the last three months. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $72.27 on Wednesday. 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's fifty day moving average price is $72.66 and its 200-day moving average price is $71.07. The firm has a market cap of $148.81 billion, a P/E ratio of 25.27, a P/E/G ratio of 2.49 and a beta of 0.65. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy's payout ratio is 79.02%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NEE shares. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. BMO Capital Markets lifted their price objective 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. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Mizuho set a $78.00 price target on shares of NextEra Energy in a report on Thursday, August 21st. Finally, Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $84.00.

About NextEra Energy

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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