Koss Olinger Consulting LLC Makes New $690,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Koss Olinger Consulting LLC acquired a new stake in NextEra Energy, Inc., buying 9,736 shares valued at approximately $690,000 in the first quarter.
• Recent insider sales included Treasurer James Michael May selling 2,177 shares and EVP Robert Coffey selling 7,500 shares, indicating a notable decrease in their ownership positions.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, with a dividend yield of 3.1% and a payout ratio of 79.37%.

Koss Olinger Consulting LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,736 shares of the utilities provider's stock, valued at approximately $690,000.

Other hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $35,000. Copia Wealth Management purchased a new position in NextEra Energy in the fourth quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% in the first 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. Finally, Hughes Financial Services LLC purchased a new position in NextEra Energy in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE NEE traded down $0.57 on Tuesday, reaching $71.88. The company's stock had a trading volume of 8,670,921 shares, compared to its average volume of 8,590,381. The firm has a market cap of $148.02 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The business has a 50-day moving average price of $72.62 and a 200 day moving average price of $70.58. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. 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 (NYSE:NEE - Get Free Report) last released its quarterly 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. 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 period in the prior year, the firm earned $0.96 earnings per share. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business'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 transaction of $168,717.50. Following the completion of the transaction, the treasurer 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. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NEE. Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Barclays raised 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. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $84.42.

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.