Integrity Alliance LLC. Buys 7,401 Shares of NextEra Energy, Inc. $NEE

Key Points

• Integrity Alliance LLC increased its stake in NextEra Energy by 41.8%, acquiring an additional 7,401 shares in the first quarter, bringing its total holdings to 25,092 shares worth about $1.78 million.
• NextEra Energy reported $1.05 earnings per share, beating analysts' expectations of $1.01, with a net margin of 22.84% and year-over-year revenue growth of 10.4%.
• The company has announced a quarterly dividend of $0.5665 per share with a 3.2% dividend yield, and has a dividend payout ratio of 79.37%.

Integrity Alliance LLC. grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,092 shares of the utilities provider's stock after buying an additional 7,401 shares during the period. Integrity Alliance LLC.'s holdings in NextEra Energy were worth $1,779,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the first quarter worth approximately $26,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the 1st quarter worth $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at $36,000. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in NextEra Energy by 237.7% in 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 period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.04 on Thursday. The firm has a market capitalization of $146.30 billion, a PE ratio of 24.84, a PEG ratio of 2.41 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The business's 50 day moving average is $73.18 and its 200-day moving average is $71.05.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Melius Research raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Melius started coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The stock was 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 of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is owned by corporate insiders.

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.

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