Sax Wealth Advisors LLC Buys 12,054 Shares of NextEra Energy, Inc. $NEE

Key Points

• Sax Wealth Advisors LLC increased its stake in NextEra Energy by 254.9% in the first quarter, acquiring an additional 12,054 shares to bring their total holdings to 16,782 shares valued at approximately $1.19 million.
• NextEra Energy also disclosed a quarterly dividend of $0.5665 per share, which will be paid on September 15th, resulting in an annualized dividend yield of 3.0%.
• Several institutional investors have recently modified their holdings in NextEra Energy, with 78.72% of the stock being owned by these investors, highlighting significant interest in the company.

Sax Wealth Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 254.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,782 shares of the utilities provider's stock after acquiring an additional 12,054 shares during the quarter. Sax Wealth Advisors LLC's holdings in NextEra Energy were worth $1,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in NextEra Energy by 49.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 66,427 shares of the utilities provider's stock worth $4,762,000 after buying an additional 21,964 shares in the last quarter. Two Sigma Securities LLC increased its holdings in NextEra Energy by 602.1% in the 4th quarter. Two Sigma Securities LLC now owns 11,234 shares of the utilities provider's stock worth $805,000 after buying an additional 9,634 shares in the last quarter. Finally, Capital Analysts LLC increased its holdings in NextEra Energy by 0.9% in the 4th quarter. Capital Analysts LLC now owns 42,139 shares of the utilities provider's stock worth $3,021,000 after buying an additional 390 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated 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 directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was 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.

NextEra Energy Trading Up 0.2%

NextEra Energy stock opened at $76.2270 on Friday. The business has a 50-day simple moving average of $73.04 and a two-hundred day simple moving average of $70.80. The company has a market cap of $156.97 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.63 and a beta of 0.63. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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 given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.02%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday. Finally, Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.23.

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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