Prostatis Group LLC Buys 10,857 Shares of NextEra Energy, Inc. $NEE

Key Points

• Prostatis Group LLC increased its stake in NextEra Energy by 46.1%, owning 34,414 shares valued at approximately $2.44 million after acquiring an additional 10,857 shares.
• NextEra Energy's stock has experienced a 1.5% decline recently, currently priced at $69.81 with a market capitalization of $143.76 billion.
• The company has announced a quarterly dividend of $0.5665 per share, providing an annual yield of 3.2% to its investors.

Prostatis Group LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 46.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 34,414 shares of the utilities provider's stock after purchasing an additional 10,857 shares during the quarter. Prostatis Group LLC's holdings in NextEra Energy were worth $2,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Somerset Trust Co increased its position in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 4,445 shares during the period. Elyxium Wealth LLC acquired a new stake in NextEra Energy during the 1st quarter valued at approximately $783,000. Viking Fund Management LLC increased its position in NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after purchasing an additional 200,000 shares during the period. Trust Co. of Vermont increased its position in NextEra Energy by 2.2% during the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after purchasing an additional 8,472 shares during the period. Finally, Tema Etfs LLC increased its position in NextEra Energy by 835.9% during the 1st quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock valued at $3,604,000 after purchasing an additional 45,407 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.5%

Shares of NEE stock traded up $0.34 during trading hours on Friday, hitting $71.66. 9,343,417 shares of the company were exchanged, compared to its average volume of 9,308,457. The company has a 50 day simple moving average of $73.10 and a two-hundred day simple moving average of $71.07. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 firm has a market cap of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.47 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm posted $0.96 EPS. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value 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 approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,677 shares of company stock valued at $1,415,418. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on NEE shares. JPMorgan Chase & Co. increased their target price on shares of 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 reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.