EagleClaw Capital Managment LLC Buys 10,478 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• EagleClaw Capital Managment LLC increased its holdings in NextEra Energy by 92.1%, owning 21,853 shares valued at approximately $1.55 million following the acquisition of an additional 10,478 shares.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, with an annualized total of $2.27 and a yield of 3.2%.
• The company reported an earnings per share (EPS) of $1.05 for the last quarter, exceeding analysts' expectations by $0.04, and recorded a 10.4% year-over-year revenue increase.

EagleClaw Capital Managment LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 92.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,853 shares of the utilities provider's stock after acquiring an additional 10,478 shares during the quarter. EagleClaw Capital Managment LLC's holdings in NextEra Energy were worth $1,549,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy during the first quarter valued at approximately $35,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC lifted its position in shares of 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 buying an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, Treasurer James Michael May sold 2,177 shares of the business'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 $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,361 shares of company stock valued at $2,365,398. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NEE shares. HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Wells Fargo & Company cut their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.65 during mid-day trading on Friday, hitting $70.41. 6,627,959 shares of the stock traded hands, compared to its average volume of 9,376,540. 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 twelve month low of $61.72 and a twelve month high of $86.10. The company has a market cap of $144.99 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The firm has a 50 day simple moving average of $72.26 and a two-hundred day simple moving average of $70.53.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm 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%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. 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 payout ratio is presently 79.37%.

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.