Retirement Guys Formula LLC Makes New $926,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Retirement Guys Formula LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,067 shares of the utilities provider's stock, valued at approximately $926,000.

A number of other large investors also recently modified their holdings of NEE. Bellwether Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the 4th quarter valued at approximately $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy during the 4th quarter valued at approximately $45,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.82 on Tuesday. The stock has a market cap of $145.79 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock's 50 day moving average price is $69.63 and its 200 day moving average price is $70.21.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NEE. Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. 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. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company cut their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.50.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred 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 now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

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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