Integrated Investment Consultants LLC Takes $276,000 Position in NextEra Energy, Inc. $NEE

Key Points

• Integrated Investment Consultants LLC invested $276,000 in NextEra Energy by acquiring 3,895 shares during the first quarter.
• A number of institutional investors have increased their holdings in NextEra Energy, with 78.72% of the company's stock now owned by such entities.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, representing a 3.0% yield, to be paid on September 15th.

Integrated Investment Consultants LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,895 shares of the utilities provider's stock, valued at approximately $276,000.

A number of other hedge funds also recently bought and sold shares of NEE. Tradition Wealth Management LLC grew its position in shares of NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after purchasing an additional 143 shares in the last quarter. Cim LLC grew its position in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares in the last quarter. Conning Inc. grew its position in shares of NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after purchasing an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in shares of NextEra Energy by 0.7% during the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after purchasing an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its position in shares of NextEra Energy by 2.9% during the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEE. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Melius Research raised NextEra Energy to a "strong-buy" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.23.

Insider Activity at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.1470 during midday trading on Friday, reaching $76.2270. 13,128,624 shares of the stock traded hands, compared to its average volume of 8,816,513. The stock's fifty day moving average is $73.04 and its 200-day moving average is $70.80. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $156.97 billion, a P/E ratio of 26.65, a PEG ratio of 2.63 and a beta of 0.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating 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 company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate 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 paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

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.