NextEra Energy, Inc. $NEE Shares Acquired by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in NextEra Energy, Inc. by 9.1% during the first quarter, leading to a total ownership of 86,819 shares valued at approximately $6.15 million.
• NextEra Energy has received multiple price target adjustments from analysts; UBS Group reduced its target from $94 to $84, while BMO Capital Markets increased it from $77 to $81, indicating a generally optimistic outlook.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, with a dividend yield of 3.2%, reflecting a dividend payout ratio of 79.37%.

Ashton Thomas Private Wealth LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,819 shares of the utilities provider's stock after acquiring an additional 7,277 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in NextEra Energy were worth $6,155,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy in the first quarter worth $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the fourth quarter worth $36,000. CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in NextEra Energy during the first quarter valued at $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $168,717.50. Following the sale, the treasurer directly 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. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 0.0%

Shares of NYSE:NEE opened at $70.85 on Monday. The business's 50 day moving average price is $73.27 and its 200-day moving average price is $71.07. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a market capitalization of $145.90 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. 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 (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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 paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is 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.

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