Sfmg LLC Invests $380,000 in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Sfmg LLC has acquired a new stake in NextEra Energy, Inc. worth approximately $380,000, purchasing 5,362 shares in the first quarter according to a recent SEC filing.
• Institutional investors now own 78.72% of NextEra Energy's stock, with significant positions increasing from other firms including Somerset Trust Co and Viking Fund Management LLC.
• NextEra Energy recently declared a quarterly dividend of $0.5665, with an annualized yield of 3.2%, set to be paid out on September 15th.

Sfmg LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,362 shares of the utilities provider's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Earned Wealth Advisors LLC purchased a new stake in NextEra Energy during the first quarter valued at approximately $256,000. Allianz SE increased its holdings in NextEra Energy by 10.8% during the first quarter. Allianz SE now owns 192,416 shares of the utilities provider's stock valued at $13,640,000 after buying an additional 18,736 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in NextEra Energy by 1.0% during the first quarter. Commonwealth Equity Services LLC now owns 2,711,074 shares of the utilities provider's stock valued at $192,188,000 after buying an additional 26,937 shares during the last quarter. Raiffeisen Bank International AG increased its holdings in NextEra Energy by 25.8% during the first quarter. Raiffeisen Bank International AG now owns 9,271 shares of the utilities provider's stock valued at $643,000 after buying an additional 1,904 shares during the last quarter. Finally, Fairfield Financial Advisors LTD increased its holdings in NextEra Energy by 5.0% during the first quarter. Fairfield Financial Advisors LTD now owns 12,729 shares of the utilities provider's stock valued at $902,000 after buying an additional 611 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 0.2%

Shares of NextEra Energy stock traded down $0.16 during trading on Friday, hitting $72.42. The stock had a trading volume of 5,575,056 shares, compared to its average volume of 8,816,330. The firm's fifty day simple moving average is $72.56 and its 200-day simple moving average is $70.55. The stock has a market cap of $149.13 billion, a PE ratio of 25.32, a PEG ratio of 2.50 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 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.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS 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. Investors of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, Morgan Stanley reduced their price objective 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of the firm's 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 owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were 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 in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

About NextEra Energy

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.