NextEra Energy, Inc. (NYSE:NEE) Shares Bought by L & S Advisors Inc

Key Points

• L & S Advisors Inc increased its stake in NextEra Energy by 119.8% during the first quarter, acquiring an additional 54,924 shares, bringing their total to 100,755 shares valued at approximately $7.14 million.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, with an annualized dividend yield of 3.2% and a dividend payout ratio of 79.37%.
• Analysts have mixed views on NextEra Energy, with ratings ranging from "hold" to "buy," and a consensus price target set at $84.42, down from previous estimates.

L & S Advisors Inc grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 119.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,755 shares of the utilities provider's stock after acquiring an additional 54,924 shares during the period. NextEra Energy comprises approximately 0.9% of L & S Advisors Inc's investment portfolio, making the stock its 27th biggest position. L & S Advisors Inc's holdings in NextEra Energy were worth $7,143,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Manchester Capital Management LLC raised its position in shares of NextEra Energy by 1.7% in the first quarter. Manchester Capital Management LLC now owns 10,272 shares of the utilities provider's stock worth $728,000 after acquiring an additional 173 shares during the period. Scotia Capital Inc. grew its position in shares of NextEra Energy by 3.8% in the first quarter. Scotia Capital Inc. now owns 265,562 shares of the utilities provider's stock valued at $18,826,000 after purchasing an additional 9,838 shares during the period. SCP Investment LP acquired a new stake in shares of NextEra Energy in the first quarter valued at about $1,333,000. Aviso Wealth Management grew its position in shares of NextEra Energy by 3.8% in the first quarter. Aviso Wealth Management now owns 18,021 shares of the utilities provider's stock valued at $1,277,000 after purchasing an additional 653 shares during the period. Finally, Pathway Financial Advisers LLC grew its position in shares of NextEra Energy by 16.5% in the first quarter. Pathway Financial Advisers LLC now owns 15,005 shares of the utilities provider's stock valued at $1,064,000 after purchasing an additional 2,124 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,361 shares of company stock worth $2,365,398 over the last three months. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Down 0.9%

Shares of NEE stock opened at $70.41 on Friday. The company's 50-day moving average price is $72.26 and its 200-day moving average price is $70.53. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $144.99 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.42 and a beta of 0.63. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month 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, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Barclays lifted their target price 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. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus 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.

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