NextEra Energy, Inc. $NEE Position Boosted by Beck Bode LLC

Key Points

• Beck Bode LLC increased its position in NextEra Energy shares by 7.4% during the first quarter, now holding 221,734 shares worth approximately $15.7 million.
• NextEra Energy is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $83.79.
• The company recently announced a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.1% for shareholders of record.

Beck Bode LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,734 shares of the utilities provider's stock after acquiring an additional 15,216 shares during the quarter. NextEra Energy comprises approximately 2.9% of Beck Bode LLC's portfolio, making the stock its 13th biggest position. Beck Bode LLC's holdings in NextEra Energy were worth $15,719,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NEE. Tradition Wealth Management LLC increased its holdings in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after purchasing an additional 143 shares during the period. Cim LLC increased its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares during the period. Conning Inc. increased its holdings in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the period. Premier Path Wealth Partners LLC increased its holdings in shares of NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after purchasing an additional 166 shares during the period. Finally, Opal Wealth Advisors LLC increased its holdings in shares of NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock valued at $427,000 after purchasing an additional 168 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NEE stock traded down $0.06 on Monday, reaching $72.03. The company had a trading volume of 11,278,715 shares, compared to its average volume of 9,452,117. 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 quick ratio of 0.45 and a current ratio of 0.54. The company's fifty day moving average is $73.20 and its 200 day moving average is $70.97. The company has a market cap of $148.34 billion, a P/E ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Analyst Ratings Changes

Several research firms have recently commented on NEE. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. HSBC reduced 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. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Melius Research raised NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

About NextEra Energy

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.