Lbp Am Sa Purchases 185,560 Shares of NextEra Energy, Inc. $NEE

Key Points

• Lbp Am Sa increased its holdings in NextEra Energy, Inc. by 31.4%, adding 185,560 shares during the 2nd quarter, bringing their total ownership to 776,183 shares, valued at approximately $53.9 million.
• Analysts have a consensus rating of "Moderate Buy" for NextEra Energy, with an average target price of $84.08, following recent upgrades and changes in price targets from research firms.
• NextEra Energy reported $1.05 EPS for the last quarter, exceeding expectations, but their revenue of $6.70 billion fell short of analyst estimates, indicating mixed financial performance.

Lbp Am Sa raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 31.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 776,183 shares of the utilities provider's stock after acquiring an additional 185,560 shares during the period. NextEra Energy comprises 0.8% of Lbp Am Sa's portfolio, making the stock its 28th biggest position. Lbp Am Sa's holdings in NextEra Energy were worth $53,883,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. raised its stake in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after acquiring an additional 136 shares during the period. Pine Haven Investment Counsel Inc raised its stake in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 140 shares during the period. Tradition Wealth Management LLC raised its stake in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after acquiring an additional 143 shares during the period. Eagle Wealth Strategies LLC raised its stake in NextEra Energy by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider's stock valued at $774,000 after acquiring an additional 149 shares during the period. Finally, XML Financial LLC raised its stake in NextEra Energy by 1.0% in the 2nd quarter. XML Financial LLC now owns 16,447 shares of the utilities provider's stock valued at $1,142,000 after acquiring an additional 158 shares during the period. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. Finally, Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

NextEra Energy Stock Performance

NEE opened at $75.50 on Wednesday. The firm has a market cap of $155.48 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The business's fifty day moving average is $72.59 and its 200-day moving average is $71.12.

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. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.37%.

Insider Buying and Selling

In other news, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were 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 directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,369 shares of company stock valued at $1,539,610. Company insiders own 0.18% of the company's stock.

About NextEra Energy

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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