LaFleur & Godfrey LLC Has $6.79 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• LaFleur & Godfrey LLC significantly increased its stake in NextEra Energy by 856.8%, acquiring an additional 87,561 shares, bringing their total holdings to 97,781 shares valued at approximately $6.79 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, providing an annualized yield of 3.2%, with 79.37% of its earnings allocated to payouts.
• Analysts have shown positive sentiment towards NextEra Energy, with the company's stock receiving a consensus rating of "Moderate Buy" and a price target averaging $84.00.

LaFleur & Godfrey LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 856.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,781 shares of the utilities provider's stock after buying an additional 87,561 shares during the period. LaFleur & Godfrey LLC's holdings in NextEra Energy were worth $6,788,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after acquiring an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after acquiring an additional 1,336,259 shares during the last quarter. GQG Partners LLC raised its holdings in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the business's 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 owned 10,113 shares in the company, valued at $727,124.70. The trade was a 7.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction 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 sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,523 shares of company stock worth $1,476,245. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NEE shares. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. JPMorgan Chase & Co. boosted 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. HSBC cut 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. Finally, Barclays boosted 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. One equities research 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. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Up 1.7%

NYSE NEE traded up $1.23 during trading on Monday, hitting $72.31. 9,850,601 shares of the company traded hands, compared to its average volume of 9,260,582. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The business has a fifty day simple moving average of $72.71 and a 200 day simple moving average of $71.07. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $148.91 billion, a P/E ratio of 25.28, a PEG ratio of 2.45 and a beta of 0.65.

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 for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. NextEra Energy's payout ratio is 79.37%.

NextEra Energy 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.