NextEra Energy, Inc. $NEE Shares Bought by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in NextEra by 22.7% in Q4, adding 13,917 shares to hold 75,146 shares worth about $6.03 million.
• Significant insider selling: CEO John W. Ketchum sold 99,603 shares for roughly $8.9 million (cutting his position by 24.56%), and insiders have sold 190,816 shares totaling about $17.08 million in the past 90 days.
• Dividend raised: NextEra lifted its quarterly payout to $0.6232 (annualized $2.49), implying a ~2.6% yield and a payout ratio around 75.7%.

U.S. Capital Wealth Advisors LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,146 shares of the utilities provider's stock after purchasing an additional 13,917 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in NextEra Energy were worth $6,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. Vanguard Group Inc. grew its position in shares of NextEra Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider's stock worth $16,139,726,000 after acquiring an additional 922,500 shares during the last quarter. Legal & General Group Plc grew its position in shares of NextEra Energy by 2.3% during the third quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider's stock worth $1,267,265,000 after acquiring an additional 373,088 shares during the last quarter. Amundi grew its position in shares of NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider's stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of NextEra Energy by 1.9% during the third quarter. CIBC Private Wealth Group LLC now owns 7,585,666 shares of the utilities provider's stock worth $572,642,000 after acquiring an additional 141,081 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of NextEra Energy by 1.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,953,009 shares of the utilities provider's stock worth $373,903,000 after acquiring an additional 89,586 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, CEO John W. Ketchum sold 99,603 shares of the firm's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company's stock, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 190,816 shares of company stock worth $17,075,619. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE opened at $94.22 on Monday. The firm has a 50-day moving average price of $92.01 and a 200 day moving average price of $85.90. The firm has a market capitalization of $196.47 billion, a PE ratio of 28.64 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 52-week low of $63.64 and a 52-week high of $96.21.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy's revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.6%. NextEra Energy's payout ratio is 75.68%.

Analysts Set New Price Targets

Several research firms have recently commented on NEE. Wall Street Zen lowered shares of NextEra Energy from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Seaport Research Partners lowered their price target on shares of NextEra Energy from $56.00 to $55.00 and set a "sell" rating for the company in a research report on Monday, February 2nd. Erste Group Bank upgraded shares of NextEra Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, February 18th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Finally, HSBC upped their price target on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $94.94.

NextEra Energy Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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