Loudon Investment Management LLC Purchases 29,180 Shares of NextEra Energy, Inc. $NEE

Key Points

• Loudon Investment Management LLC significantly increased its stake in NextEra Energy by 897.8% during Q2, acquiring an additional 29,180 shares, bringing its total to 32,430 shares valued at approximately $2.25 million.
• NextEra Energy posted a quarterly EPS of $1.05, exceeding analysts' expectations, although its revenue of $6.70 billion fell short of the projected $7.52 billion.
• The company's recent dividend of $0.5665 per share reflects a 3.0% yield, with a dividend payout ratio currently standing at 79.37%.

Loudon Investment Management LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 897.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,430 shares of the utilities provider's stock after acquiring an additional 29,180 shares during the quarter. NextEra Energy accounts for 1.2% of Loudon Investment Management LLC's portfolio, making the stock its 27th biggest holding. Loudon Investment Management LLC's holdings in NextEra Energy were worth $2,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy in the 1st quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter valued at approximately $32,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 335.0% in the first 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. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of NextEra Energy by 237.7% during the 1st 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 last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $75.50 on Wednesday. The stock has a 50-day moving average price of $72.59 and a 200 day moving average price of $71.12. The stock has a market capitalization of $155.48 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.62 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month 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 posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the firm earned $0.96 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. Equities research analysts forecast 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. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,369 shares of company stock valued at $1,539,610. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NEE. Morgan Stanley restated an "overweight" rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.08.

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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