Inspire Advisors LLC Purchases 3,532 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Inspire Advisors LLC increased its stake in NextEra Energy, Inc. by 25.3%, owning 17,500 shares valued at approximately $1.24 million after acquiring an additional 3,532 shares in the 1st quarter.
• NextEra Energy reported a quarterly earnings per share of $1.05, exceeding analysts' expectations of $1.01, while its revenue of $6.70 billion fell short of the anticipated $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share with an annualized yield of 3.15%, indicating a dividend payout ratio of 79.02%.

Inspire Advisors LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,500 shares of the utilities provider's stock after purchasing an additional 3,532 shares during the period. Inspire Advisors LLC's holdings in NextEra Energy were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy during the 1st quarter worth $35,000. Copia Wealth Management bought a new stake in NextEra Energy during the 4th quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.9%

NEE stock traded up $0.62 during trading on Tuesday, reaching $71.96. 7,584,303 shares of the stock were exchanged, compared to its average volume of 12,237,333. The firm's 50 day moving average is $72.19 and its 200 day moving average is $70.46. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. 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 firm has a market cap of $148.19 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67.

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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business earned $0.96 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Analyst Ratings Changes

NEE has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley cut their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. UBS Group cut their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.42.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.