Navellier & Associates Inc. Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Navellier & Associates Inc. increased its stake in NextEra Energy by 83.8%, owning 22,208 shares worth approximately $1.47 million following the purchase of an additional 10,125 shares.
• NextEra Energy is currently rated as a "Moderate Buy" by analysts, with an average price target of $84.42 after several recent changes in analyst ratings.
• The company has announced a quarterly dividend of $0.5665 per share, which gives an annual yield of 3.15%, with the ex-dividend date set for August 28th.

Navellier & Associates Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 83.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,208 shares of the utilities provider's stock after buying an additional 10,125 shares during the period. Navellier & Associates Inc.'s holdings in NextEra Energy were worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $33,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the first quarter worth $35,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC grew its stake 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 worth $37,000 after purchasing an additional 366 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. UBS Group cut their price target 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. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Barclays upped their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.42.

Insider Transactions at NextEra Energy

In other news, 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 transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 0.2%

Shares of NYSE:NEE traded down $0.14 during trading on Friday, reaching $71.83. The stock had a trading volume of 8,068,737 shares, compared to its average volume of 11,336,844. The firm's 50-day simple moving average is $72.23 and its 200 day simple moving average is $70.43. The company has a market capitalization of $147.92 billion, a P/E ratio of 25.12, a PEG ratio of 2.53 and a beta of 0.67. 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, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its 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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the business posted $0.96 EPS. The business's revenue was up 10.4% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. NextEra Energy's payout ratio is currently 85.02%.

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.