International Private Wealth Advisors LLC Buys New Holdings in NextEra Energy, Inc. $NEE

Key Points

• International Private Wealth Advisors LLC acquired 4,508 shares of NextEra Energy, Inc., valued at approximately $313,000, marking a new investment during the 2nd quarter.
• Recent analyst activity has seen price targets cut by several firms, with HSBC lowering their target from $88.00 to $86.00 while maintaining a "buy" rating.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 3.2% and a payout ratio of 79.37%.

International Private Wealth Advisors LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,508 shares of the utilities provider's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the first quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy during the first quarter worth about $32,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management purchased a new position in NextEra Energy during the fourth quarter worth about $36,000. Finally, Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 335.0% during 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 period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. BMO Capital Markets increased their target price 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. Melius assumed 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. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.00.

Insider Buying and Selling at NextEra Energy

In other news, 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 transaction, the treasurer owned 27,662 shares of the company's stock, 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 document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,523 shares of company stock worth $1,476,245. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Up 0.4%

Shares of NYSE NEE traded up $0.25 during midday trading on Friday, hitting $71.04. The company's stock had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. The business's fifty day simple moving average is $72.77 and its two-hundred day simple moving average is $71.06. 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, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a market capitalization of $146.29 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. 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.