Atria Investments Inc Buys 9,201 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Atria Investments Inc. increased its holdings in NextEra Energy, Inc. by 6.0%, owning 161,684 shares valued at approximately $11.46 million.
• NextEra Energy recently reported earnings per share of $1.05 for the last quarter, surpassing the consensus estimate of $1.01.
• The company declared a quarterly dividend of $0.5665, resulting in an annualized yield of 3.15%, with a payout ratio of 85.02%.

Atria Investments Inc increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,684 shares of the utilities provider's stock after purchasing an additional 9,201 shares during the quarter. Atria Investments Inc's holdings in NextEra Energy were worth $11,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cim LLC boosted its stake in NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares during the last quarter. Conning Inc. boosted its stake in NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after buying an additional 160 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its stake in NextEra Energy by 4.3% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after buying an additional 161 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in NextEra Energy by 0.7% in the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after buying an additional 166 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its stake in NextEra Energy by 2.9% in the 1st quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.9%

NEE stock traded down $0.62 during midday trading on Monday, hitting $71.23. 2,612,808 shares of the company's stock were exchanged, compared to its average volume of 12,228,430. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. 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 capitalization of $146.68 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67. The firm has a 50 day moving average price of $72.23 and a 200-day moving average price of $70.43.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction 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 completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. JPMorgan Chase & Co. decreased their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. HSBC reduced their price objective 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. 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 research note on Monday, July 21st. 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

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.