Linscomb Wealth Inc. Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Linscomb Wealth Inc. increased its holdings in NextEra Energy by 4.7%, now owning over 112,000 shares valued at approximately $7.96 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, translating to an annual yield of 3.1% with a dividend payout ratio of 79.37%.
• NextEra has been receiving mixed reviews from analysts, with price targets ranging from $77.00 to $94.00 and a consensus rating of "Moderate Buy."

Linscomb Wealth Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,249 shares of the utilities provider's stock after acquiring an additional 5,013 shares during the quarter. Linscomb Wealth Inc.'s holdings in NextEra Energy were worth $7,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NEE. Bellwether Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at $30,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the first quarter valued at $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in NextEra Energy in the first quarter valued at $40,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.0%

Shares of NEE traded down $0.00 during trading hours on Thursday, reaching $72.30. 6,779,184 shares of the company traded hands, compared to its average volume of 11,860,695. The company's fifty day moving average price is $72.67 and its two-hundred day moving average price is $70.59. The company has a market capitalization of $148.88 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.47 and a beta of 0.63. 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 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred 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 completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company'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 transaction of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. 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, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.