Howe & Rusling Inc. Buys 37,030 Shares of NextEra Energy, Inc. $NEE

Key Points

• Howe & Rusling Inc. increased its stake in NextEra Energy, Inc. by 36.5%, acquiring an additional 37,030 shares during the first quarter, bringing its total holdings to 138,604 shares worth approximately $9.83 million.
• Multiple institutional investors, including GQG Partners LLC and Charles Schwab Investment Management Inc., have significantly increased their positions in NextEra Energy, with institutional ownership now at 78.72%.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, representing a 3.2% dividend yield and a payout ratio of 79.02%.

Howe & Rusling Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 36.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,604 shares of the utilities provider's stock after buying an additional 37,030 shares during the quarter. Howe & Rusling Inc.'s holdings in NextEra Energy were worth $9,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NEE. GQG Partners LLC boosted its holdings in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the last quarter. Two Sigma Advisers LP acquired a new position in NextEra Energy during the fourth quarter worth $240,269,000. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. Amundi boosted its holdings in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after purchasing an additional 2,657,438 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Dunne sold 10,000 shares of the 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 transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,677 shares of company stock valued at $1,415,418 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $71.36 on Friday. The stock has a market cap of $146.95 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.45 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. The company has a fifty day moving average price of $73.13 and a two-hundred day moving average price of $71.05. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio is presently 79.02%.

Analysts Set New Price Targets

Several brokerages recently commented on NEE. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. HSBC reduced their target price 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. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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