IFC Advisors LLC Acquires 3,572 Shares of NextEra Energy, Inc. $NEE

Key Points

• IFC Advisors LLC increased its stake in NextEra Energy, acquiring an additional 3,572 shares, bringing its total to 53,425 shares, which constitutes 0.7% of its investment portfolio.
• NextEra Energy reported a quarterly earnings per share of $1.05, exceeding analysts' expectations, although its revenue of $6.70 billion fell short of the forecast.
• The company declared a quarterly dividend of $0.5665 per share, translating to an annualized dividend of $2.27 with a yield of 2.7%.

IFC Advisors LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,425 shares of the utilities provider's stock after acquiring an additional 3,572 shares during the period. NextEra Energy makes up 0.7% of IFC Advisors LLC's investment portfolio, making the stock its 28th largest holding. IFC Advisors LLC's holdings in NextEra Energy were worth $3,709,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NEE. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the first quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the first quarter worth about $32,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth about $35,000. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity

In related news, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction on 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 owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. 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 company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock valued at $2,446,490 in the last quarter. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE opened at $84.25 on Tuesday. The firm has a market cap of $173.49 billion, a P/E ratio of 29.46, a PEG ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The company has a 50 day simple moving average of $74.47 and a two-hundred day simple moving average of $71.85. 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 results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during 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 business posted $0.96 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Morgan Stanley reissued an "overweight" rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. New Street Research set a $84.00 price objective on shares of NextEra Energy in a report on Monday. Finally, Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

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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