Lineweaver Wealth Advisors LLC Has $3.34 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Lineweaver Wealth Advisors LLC has increased its stake in NextEra Energy, Inc. by 9.5%, holding 48,038 shares valued at approximately $3.34 million.
• NextEra Energy's stock received upgrades from several analysts, with BMO Capital Markets raising the price target to $81.00, indicating a growing bullish sentiment towards the stock.
• The company reported a quarterly earnings per share (EPS) of $1.05, exceeding estimates, although its revenue of $6.70 billion fell short of expectations.

Lineweaver Wealth Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,038 shares of the utilities provider's stock after acquiring an additional 4,168 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in NextEra Energy were worth $3,335,000 at the end of the most recent quarter.

A number of 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 1st quarter worth about $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $35,000. Copia Wealth Management acquired a new stake in NextEra Energy during the 4th quarter worth about $36,000. Finally, Semmax Financial Advisors Inc. boosted its position in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target for the company. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

NextEra Energy Stock Performance

NYSE NEE opened at $69.79 on Wednesday. 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 firm has a market capitalization of $143.72 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 2.46 and a beta of 0.65. The company's fifty day moving average is $72.98 and its two-hundred day moving average is $71.07. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly 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 net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40. Following the sale, the executive vice president directly owned 10,113 shares in the company, valued at approximately $727,124.70. The trade was a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business's 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 sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,523 shares of company stock valued at $1,476,245. 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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