HBW Advisory Services LLC Purchases 4,137 Shares of NextEra Energy, Inc. $NEE

Key Points

• HBW Advisory Services LLC increased its stake in NextEra Energy, Inc. by 38% during Q2, owning a total of 15,032 shares valued at approximately $1,044,000 after acquiring an additional 4,137 shares.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, representing an annualized dividend yield of 3.2%, with a payout ratio of 79.37%.
• NextEra Energy reported an earnings per share (EPS) of $1.05 for the last quarter, surpassing the consensus estimate by $0.04, despite revenue falling short of expectations at $6.70 billion.

HBW Advisory Services LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 38.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,032 shares of the utilities provider's stock after buying an additional 4,137 shares during the period. HBW Advisory Services LLC's holdings in NextEra Energy were worth $1,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Somerset Trust Co boosted its holdings in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $783,000. Viking Fund Management LLC grew its stake in NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after acquiring an additional 200,000 shares in the last quarter. Trust Co. of Vermont grew its stake in NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after acquiring an additional 8,472 shares in the last quarter. Finally, Tema Etfs LLC grew its stake in NextEra Energy by 835.9% during the first quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock valued at $3,604,000 after acquiring an additional 45,407 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

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 value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $71.66 on Friday. The stock has a market cap of $147.57 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.65. 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, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a 50-day moving average of $73.10 and a two-hundred day moving average of $71.06.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during 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 previous year, the company earned $0.96 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared 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 is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's payout ratio is currently 79.37%.

Analyst Ratings Changes

A number of equities analysts have commented on NEE shares. UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. Melius began coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target for the company. Barclays lifted their price target 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, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

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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