LRI Investments LLC Buys 3,237 Shares of NextEra Energy, Inc. $NEE

Key Points

• LRI Investments LLC increased its stake in NextEra Energy by 47.0%, owning a total of 10,121 shares valued at approximately $703,000 as of the most recent quarter.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, translating to an annualized dividend of $2.27 and a yield of 2.7%.
• The company's stock has seen recent analyst upgrades, with Melius Research upgrading it to a "strong-buy" rating and several other analysts raising their target prices for the stock.

LRI Investments LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 47.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,121 shares of the utilities provider's stock after buying an additional 3,237 shares during the quarter. LRI Investments LLC's holdings in NextEra Energy were worth $703,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the 1st quarter worth about $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy in the 1st quarter worth about $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the 1st quarter worth about $35,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after purchasing an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.5%

NEE stock opened at $83.30 on Friday. 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 company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The stock has a fifty day moving average of $74.20 and a 200-day moving average of $71.74.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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 company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value 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. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NEE shares. Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. 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 research note on Friday, August 22nd. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Melius assumed coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target for the company. Finally, Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an "outperform" rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.08.

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.

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