Signature Estate & Investment Advisors LLC Increases Position in NextEra Energy, Inc. $NEE

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in NextEra Energy, Inc. by 1.8%, now holding 528,308 shares valued at approximately $36.7 million.
• NextEra Energy reported a quarterly EPS of $1.05, exceeding estimates, although revenue of $6.7 billion fell short of projections.
• The company announced a quarterly dividend of $0.5665, with a yield of 2.7% and a payout ratio of 79.02%.

Signature Estate & Investment Advisors LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528,308 shares of the utilities provider's stock after purchasing an additional 9,183 shares during the period. NextEra Energy accounts for 0.8% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 26th largest holding. Signature Estate & Investment Advisors LLC's holdings in NextEra Energy were worth $36,675,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NEE. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after buying an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after buying an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider's stock valued at $2,355,000 after buying an additional 142 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after buying an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider's stock valued at $692,000 after buying an additional 145 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.7%

NEE stock opened at $84.48 on Friday. The company has a fifty day moving average of $75.54 and a 200-day moving average of $72.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market capitalization of $173.98 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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 net margin of 22.84% and a return on equity of 12.31%. The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of the 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 completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were 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 of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday. They set a "buy" rating and a $98.00 price target for the company. New Street Research set a $84.00 price target on shares of NextEra Energy in a research note on Monday. Finally, Cowen started coverage on shares of NextEra Energy in a research note on Wednesday. They issued a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $86.40.

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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