Kestra Investment Management LLC Buys 4,020 Shares of NextEra Energy, Inc. $NEE

Key Points

• Kestra Investment Management LLC increased its holdings in NextEra Energy by 49.6%, acquiring an additional 4,020 shares for a total worth of $859,000.
• Wall Street analysts express confidence in NextEra Energy, with price targets ranging from $65 to $88 and a consensus rating of "Moderate Buy" with a target price of $84.
• The company announced a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 3.2% and a payout ratio of 79.37%.

Kestra Investment Management LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 49.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,118 shares of the utilities provider's stock after purchasing an additional 4,020 shares during the period. Kestra Investment Management LLC's holdings in NextEra Energy were worth $859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Somerset Trust Co boosted its holdings in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares in the last quarter. Elyxium Wealth LLC bought a new stake in NextEra Energy in the first quarter worth $783,000. Viking Fund Management LLC boosted its holdings in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after acquiring an additional 200,000 shares in the last quarter. Trust Co. of Vermont boosted its holdings in NextEra Energy by 2.2% in the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after acquiring an additional 8,472 shares in the last quarter. Finally, Tema Etfs LLC boosted its holdings in NextEra Energy by 835.9% in the first quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock worth $3,604,000 after acquiring an additional 45,407 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. UBS Group lowered 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. Finally, Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.00.

Insider Activity at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred 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 completion of the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly 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 three months, insiders sold 19,677 shares of company stock valued at $1,415,418. Insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.34 during trading on Friday, hitting $71.66. 9,343,417 shares of the company's stock were exchanged, compared to its average volume of 10,011,098. 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 52-week low of $61.72 and a 52-week high of $86.10. The business's 50-day simple moving average is $73.10 and its 200 day simple moving average is $71.06. The company has a market cap of $147.57 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.46 and a beta of 0.65.

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

NextEra Energy Dividend Announcement

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

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.