Ransom Advisory Ltd Acquires Shares of 26,530 NextEra Energy, Inc. $NEE

Key Points

• Ransom Advisory Ltd acquired 26,530 shares of NextEra Energy, Inc. for approximately $1,881,000, making it the 29th largest holding in their portfolio.
• The company recently reported an EPS of $1.05, beating estimates, while revenue reached $6.70 billion, a 10.4% increase year-over-year.
• A quarterly dividend of $0.5665 per share has been declared, with a yield of 3.2% and a payout ratio of 79.37%.

Ransom Advisory Ltd acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,530 shares of the utilities provider's stock, valued at approximately $1,881,000. NextEra Energy accounts for approximately 0.9% of Ransom Advisory Ltd's portfolio, making the stock its 29th biggest holding.

Other institutional investors have also modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in NextEra Energy during the 1st quarter worth $26,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at about $36,000. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.4%

Shares of NEE stock opened at $70.07 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market cap of $144.29 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.40 and a beta of 0.65. The business has a fifty day simple moving average of $73.22 and a 200-day simple moving average of $71.05. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating 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 period in the prior year, the business earned $0.96 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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 of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Analysts Set New Price Targets

Several research analysts have weighed in on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group lowered their price objective 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. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. Finally, HSBC cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

Insider Transactions at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,677 shares of company stock valued at $1,415,418 over the last three months. 0.18% of the stock is currently owned by insiders.

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.

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