SGL Investment Advisors Inc. Makes New $337,000 Investment in NextEra Energy, Inc. $NEE

Key Points

• SGL Investment Advisors Inc. has made a new investment of approximately $337,000 in NextEra Energy, purchasing 4,651 shares during the second quarter.
• NextEra Energy's quarterly earnings reported $1.05 earnings per share, exceeding analysts' expectations of $1.01, with a revenue of $6.70 billion for the quarter.
• The company recently declared a quarterly dividend of $0.5665 per share, representing an annualized dividend of $2.27 and a yield of 2.8%.

SGL Investment Advisors Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,651 shares of the utilities provider's stock, valued at approximately $337,000.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew 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 purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of NextEra Energy by 6.5% during the fourth 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 during the period. Wedmont Private Capital grew its holdings in NextEra Energy by 5.7% in the 1st quarter. Wedmont Private Capital now owns 16,023 shares of the utilities provider's stock worth $1,054,000 after buying an additional 864 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of NextEra Energy by 17.7% in the first quarter. Miracle Mile Advisors LLC now owns 15,125 shares of the utilities provider's stock worth $1,072,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in shares of NextEra Energy by 3.4% during the 1st quarter. Capital Investment Advisors LLC now owns 64,534 shares of the utilities provider's stock worth $4,575,000 after buying an additional 2,134 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays boosted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of NextEra Energy in a report on Saturday, September 27th. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.08.

NextEra Energy Stock Up 2.6%

NEE opened at $82.13 on Tuesday. The business has a 50-day moving average of $73.20 and a 200-day moving average of $71.36. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The company has a market capitalization of $169.13 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $7.52 billion. During the same quarter last year, the firm earned $0.96 EPS. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 in the last three months. Company insiders own 0.18% of the company's stock.

NextEra Energy 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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