Robbins Farley Buys 5,250 Shares of NextEra Energy, Inc. $NEE

Key Points

• Robbins Farley increased its stake in NextEra Energy by 7.5%, acquiring an additional 5,250 shares, bringing its total holdings to 75,653 shares worth approximately $5.25 million.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, with a resulting dividend yield of 3.0% and a payout ratio of 79.02%.
• Wall Street analysts are optimistic about NextEra Energy, with a consensus rating of "Moderate Buy" and an average price target of $84.08.

Robbins Farley lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,653 shares of the utilities provider's stock after acquiring an additional 5,250 shares during the quarter. NextEra Energy makes up approximately 2.4% of Robbins Farley's holdings, making the stock its 14th biggest position. Robbins Farley's holdings in NextEra Energy were worth $5,252,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy during the 1st quarter valued at approximately $32,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the 1st quarter valued at approximately $35,000. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 335.0% during 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 grew its stake in shares of 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 period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NEE. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. Morgan Stanley restated an "overweight" rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy Stock Performance

NEE stock opened at $76.20 on Tuesday. 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 business's fifty day simple moving average is $72.63 and its two-hundred day simple moving average is $71.09. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market cap of $156.92 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.61 and a beta of 0.65.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

Insider Transactions at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,369 shares of company stock worth $1,539,610. Corporate insiders own 0.20% 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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