NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in NextEra Energy by 23.1%, acquiring an additional 39,426 shares and valuing its holdings at approximately $14.88 million.
• NextEra Energy's quarterly earnings beat analysts' expectations with $1.05 EPS, although revenue of $6.70 billion fell short of the estimated $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, reflecting an annual yield of 3.15% and a payout ratio of 85.02%.

HB Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 209,852 shares of the utilities provider's stock after purchasing an additional 39,426 shares during the period. HB Wealth Management LLC's holdings in NextEra Energy were worth $14,876,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $33,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the 1st quarter worth approximately $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.9%

NYSE NEE traded up $0.62 during trading on Tuesday, hitting $71.96. The stock had a trading volume of 7,574,810 shares, compared to its average volume of 12,237,333. 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 capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.48 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock has a 50 day simple moving average of $72.19 and a 200 day simple moving average of $70.46.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company'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. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.42.

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.