NextEra Energy, Inc. $NEE Shares Bought by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC increased its stake in NextEra Energy by 47.9%, owning 35,899 shares worth approximately $2.49 million after acquiring an additional 11,627 shares.
• Several analysts have recently set new price targets for NextEra Energy, with a consensus average target of $84.08, and ratings ranging from "Strong Buy" to "Hold".
• NextEra Energy declared a quarterly dividend of $0.5665 per share, yielding about 3.0%, with an ex-dividend date of August 28th.

Sound Income Strategies LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 47.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,899 shares of the utilities provider's stock after acquiring an additional 11,627 shares during the period. Sound Income Strategies LLC's holdings in NextEra Energy were worth $2,492,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth $26,000. Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy in the 1st quarter worth $32,000. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy in the 1st quarter worth $35,000. Semmax Financial Advisors Inc. lifted its stake in shares of NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted 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 valued at $37,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on NEE shares. Morgan Stanley reiterated an "overweight" rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday. Melius started coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective for the company. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. BMO Capital Markets raised their price objective 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. Finally, Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was 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 trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,369 shares of company stock valued at $1,539,610. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $75.84 on Monday. 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 firm has a 50-day moving average price of $72.63 and a two-hundred day moving average price of $71.07. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a market capitalization of $156.18 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.61 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. 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 the consensus estimate of $7.52 billion. During the same period last year, the firm posted $0.96 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, August 28th. 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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