Signal Advisors Wealth LLC Buys 8,949 Shares of NextEra Energy, Inc. $NEE

Key Points

• Signal Advisors Wealth LLC significantly increased its stake in NextEra Energy by 106.4% during the 2nd quarter, bringing their total shares to 17,362, valued at $1.205 million.
• Analysts have mixed views on NEE, with HSBC lowering its price target to $86, while Melius Research upgraded it to a strong-buy rating, reflecting a consensus price target of $84.00.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, translating to an annualized dividend of $2.27 and a yield of 3.2%.

Signal Advisors Wealth LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 106.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,362 shares of the utilities provider's stock after acquiring an additional 8,949 shares during the period. Signal Advisors Wealth LLC's holdings in NextEra Energy were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in NextEra Energy in the first quarter worth $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy in the first quarter worth $35,000. Copia Wealth Management bought a new position in NextEra Energy in the fourth quarter worth $36,000. Finally, Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 335.0% in the first 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 period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

NextEra Energy Trading Up 0.4%

NYSE NEE traded up $0.25 during trading on Friday, reaching $71.04. 14,817,505 shares of the stock traded hands, compared to its average volume of 9,176,082. The firm has a market cap of $146.29 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. The stock's 50-day moving average price is $72.77 and its 200 day moving average price is $71.06. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $7.52 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's payout ratio is currently 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,523 shares of company stock valued at $1,476,245 over the last 90 days. 0.20% of the stock is owned by company 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.