Mccarter Private Wealth Services LLC Buys New Position in NextEra Energy, Inc. $NEE

Key Points

• Mccarter Private Wealth Services LLC has invested approximately $280,000 in NextEra Energy, acquiring 3,947 shares during the first quarter.
• NextEra Energy's stock has been subject to various analyst rating changes, with Barclays increasing their price target to $67.00 and HSBC lowering it to $86.00, reflecting a diverse set of opinions on the stock's future performance.
• The company recently declared a quarterly dividend of $0.5665 per share, resulting in a 3.0% dividend yield, set to be paid out to shareholders on September 15th.

Mccarter Private Wealth Services LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,947 shares of the utilities provider's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $30,000. IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the first quarter valued at $35,000. Copia Wealth Management purchased a new stake in NextEra Energy in the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in NextEra Energy during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $84.23.

NextEra Energy Stock Up 0.2%

NYSE NEE traded up $0.1470 during trading hours on Friday, hitting $76.2270. 13,128,624 shares of the company were exchanged, compared to its average volume of 9,069,239. The company has a 50 day moving average of $73.04 and a two-hundred day moving average of $70.81. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The firm has a market cap of $156.97 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.63 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $7.52 billion. During the same quarter in the prior year, the business earned $0.96 EPS. NextEra Energy's revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio is presently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Company 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.