Mattson Financial Services LLC Grows Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Mattson Financial Services LLC increased its stake in NextEra Energy, Inc. by 19.7%, owning a total of 35,207 shares worth approximately $2,496,000 at the end of the first quarter.
• NextEra Energy's recent quarterly earnings report showed earnings per share (EPS) of $1.05, beating estimates, although its revenue of $6.70 billion fell short of analyst expectations.
• The firm announced a quarterly dividend of $0.5665 per share, reflecting a 3.2% dividend yield, with the upcoming payment scheduled for September 15th.

Mattson Financial Services LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,207 shares of the utilities provider's stock after buying an additional 5,795 shares during the quarter. Mattson Financial Services LLC's holdings in NextEra Energy were worth $2,496,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the first quarter worth approximately $26,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy during the first quarter worth approximately $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the fourth quarter worth $36,000. Semmax Financial Advisors Inc. lifted its position in shares of NextEra Energy by 335.0% during the first 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 lifted its position in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. HSBC reduced their target price on shares of 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, UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Trading Up 1.4%

NEE opened at $71.04 on Thursday. The stock has a market capitalization of $146.30 billion, a PE ratio of 24.84, a P/E/G ratio of 2.41 and a beta of 0.65. The firm's fifty day moving average price is $73.18 and its 200 day moving average price is $71.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month 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, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,677 shares of company stock valued at $1,415,418. Company insiders own 0.20% of the company's stock.

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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