Knuff & Co LLC Acquires 4,199 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Knuff & Co LLC increased its stake in NextEra Energy by 12.1%, owning a total of 38,989 shares worth approximately $2.76 million after acquiring an additional 4,199 shares.
• Several institutional investors have also increased or initiated stakes in NextEra Energy, with 78.72% of the stock now held by institutional investors.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, with a dividend yield of 3.0%.

Knuff & Co LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,989 shares of the utilities provider's stock after purchasing an additional 4,199 shares during the period. NextEra Energy accounts for approximately 0.9% of Knuff & Co LLC's portfolio, making the stock its 28th biggest holding. Knuff & Co LLC's holdings in NextEra Energy were worth $2,764,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $30,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth about $36,000. CBIZ Investment Advisory Services LLC boosted its holdings in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in NextEra Energy during the first quarter valued at approximately $40,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on NEE shares. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Stock Performance

NEE stock opened at $75.40 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company has a 50 day moving average price of $72.75 and a 200 day moving average price of $70.61. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market capitalization of $155.27 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.63.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy's payout ratio 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.

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