NextEra Energy, Inc. $NEE Shares Purchased by Elwood & Goetz Wealth Advisory Group LLC

Key Points

• Elwood & Goetz Wealth Advisory Group LLC significantly increased its stake in NextEra Energy by 246.4%, acquiring an additional 11,484 shares, bringing their total holdings to 16,145 shares valued at $1,121,000.
• NextEra Energy's quarterly earnings report showed earnings per share of $1.05, surpassing estimates by $0.04, with revenue of $6.70 billion, which was below expectations of $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.0%, with a dividend payout ratio of 79.02%.

Elwood & Goetz Wealth Advisory Group LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 246.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,145 shares of the utilities provider's stock after buying an additional 11,484 shares during the period. Elwood & Goetz Wealth Advisory Group LLC's holdings in NextEra Energy were worth $1,121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Brighton Jones LLC boosted its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares during the last quarter. First Hawaiian Bank boosted its stake in NextEra Energy by 34.7% during the first quarter. First Hawaiian Bank now owns 6,078 shares of the utilities provider's stock worth $431,000 after buying an additional 1,566 shares during the last quarter. Mechanics Bank Trust Department boosted its stake in NextEra Energy by 2.9% during the first quarter. Mechanics Bank Trust Department now owns 10,379 shares of the utilities provider's stock worth $736,000 after buying an additional 292 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in NextEra Energy by 4.6% during the first quarter. Douglas Lane & Associates LLC now owns 7,937 shares of the utilities provider's stock worth $563,000 after buying an additional 347 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Morgan Stanley restated an "overweight" rating and issued a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday. Finally, Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned 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.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $76.20 on Tuesday. The stock's 50-day moving average is $72.63 and its two-hundred day moving average is $71.09. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $156.92 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.02%.

Insiders Place Their Bets

In other news, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is owned by insiders.

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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