NextEra Energy, Inc. $NEE Shares Purchased by Bartlett & CO. Wealth Management LLC

Key Points

• Bartlett & CO. Wealth Management LLC increased its stake in NextEra Energy by 3.7%, owning approximately 1.15 million shares valued at about $79.9 million.
• NextEra Energy posted $1.05 EPS for the last quarter, exceeding estimates, with a revenue of $6.7 billion—less than analysts' predictions of $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, yielding around 3.0%, with a payout ratio of 79.37%.

Bartlett & CO. Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,151,060 shares of the utilities provider's stock after buying an additional 40,939 shares during the period. NextEra Energy makes up 1.1% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 22nd biggest position. Bartlett & CO. Wealth Management LLC owned about 0.06% of NextEra Energy worth $79,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NEE. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy during the 1st quarter valued at about $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy in the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. grew 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 purchasing an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NEE stock opened at $75.50 on Wednesday. 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 stock has a market cap of $155.48 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.62 and a beta of 0.65. The firm has a 50 day simple moving average of $72.59 and a 200 day simple moving average of $71.12. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 yield of 3.0%. NextEra Energy's payout ratio is 79.37%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEE shares. 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 on the stock. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Morgan Stanley reaffirmed 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, September 25th. Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.08.

Insider Buying and Selling at NextEra Energy

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 value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock valued at $1,539,610 over the last three months. 0.18% of the stock is owned by insiders.

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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