NextEra Energy, Inc. $NEE Shares Bought by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers LLC increased its stake in NextEra Energy by 17.4%, now holding a total of 98,360 shares valued at $6.83 million.
• NextEra Energy reported a quarterly EPS of $1.05, exceeding estimates, though revenue fell short at $6.70 billion against the forecast of $7.52 billion.
• The company has a current dividend yield of 3.2% after announcing a quarterly dividend of $0.5665, with an annualized dividend of $2.27.

Gateway Investment Advisers LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,360 shares of the utilities provider's stock after purchasing an additional 14,554 shares during the quarter. Gateway Investment Advisers LLC's holdings in NextEra Energy were worth $6,828,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after acquiring an additional 143 shares in the last quarter. Cim LLC boosted its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after acquiring an additional 158 shares during the period. Conning Inc. boosted its holdings in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after acquiring an additional 160 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after acquiring an additional 166 shares during the period. Finally, Opal Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after acquiring an additional 168 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the business's 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 sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock worth $1,476,245 over the last three months. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 0.4%

Shares of NYSE:NEE traded up $0.25 during trading on Friday, reaching $71.04. 14,817,505 shares of the company were exchanged, compared to its average volume of 9,176,082. The firm has a market capitalization of $146.29 billion, a PE ratio of 24.84, a P/E/G ratio of 2.45 and a beta of 0.65. The business's fifty day simple moving average is $72.77 and its 200-day simple moving average is $71.06. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued 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 3.2%. NextEra Energy's payout ratio is presently 79.02%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NEE. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.00.

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.