NextEra Energy, Inc. $NEE Shares Purchased by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. increased its stake in NextEra Energy by 3.7% during the 2nd quarter, acquiring an additional 4,481 shares and bringing their total holdings to 124,634 shares, valued at approximately $8.65 million.
• Insider sales included Mark Lemasney and Michael Dunne, who sold 846 and 10,000 shares respectively, indicating a reduction in their stakes of 7.72% and 13.88%.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 3.2% and a payout ratio of approximately 79.37%.

Miller Howard Investments Inc. NY grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,634 shares of the utilities provider's stock after purchasing an additional 4,481 shares during the quarter. Miller Howard Investments Inc. NY's holdings in NextEra Energy were worth $8,652,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy during the first quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy during the first quarter worth about $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the fourth quarter worth about $36,000. Finally, Semmax Financial Advisors Inc. grew its holdings 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 buying an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NEE. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

Insider Activity

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred 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 completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the business's 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 $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. Insiders sold a total of 20,523 shares of company stock valued at $1,476,245 over the last quarter. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

Shares of NEE stock traded up $1.23 during midday trading on Monday, reaching $72.31. 9,107,861 shares of the company traded hands, compared to its average volume of 11,633,175. The firm's 50 day simple moving average is $72.77 and its two-hundred day simple moving average is $71.07. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. 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 cap of $148.91 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65.

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 analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the firm earned $0.96 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

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.