NextEra Energy, Inc. $NEE Shares Bought by AAFMAA Wealth Management & Trust LLC

Key Points

• AAFMAA Wealth Management & Trust LLC increased its stake in NextEra Energy by 41.1%, owning 27,556 shares worth approximately $1.91 million as of the latest SEC filing.
• NextEra Energy recently announced a quarterly dividend of $0.5665, translating to an annual yield of 3.0%, with a dividend payout ratio of 79.37%.
• Analysts have set a consensus price target of $84.08 for NextEra Energy shares, with the majority providing a "Moderate Buy" rating.

AAFMAA Wealth Management & Trust LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,556 shares of the utilities provider's stock after purchasing an additional 8,021 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in NextEra Energy were worth $1,913,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. grew its position in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock worth $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock worth $441,000 after purchasing an additional 140 shares during the last quarter. Tradition Wealth Management LLC lifted its stake in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after purchasing an additional 143 shares during the last quarter. Conning Inc. boosted its holdings in NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after purchasing an additional 160 shares during the period. Finally, Moody National Bank Trust Division increased its stake in NextEra Energy by 0.5% during the second quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider's stock valued at $2,253,000 after purchasing an additional 164 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the completion of the transaction, the executive vice president directly owned 10,113 shares in the company, valued at $727,124.70. This trade represents a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm's 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 transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock worth $1,476,245 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $74.68 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month 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 capitalization of $153.79 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. The business has a 50 day simple moving average of $72.63 and a 200 day simple moving average of $71.08.

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 for the quarter, beating 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NEE shares. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. 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. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.08.

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.

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