Stokes Capital Advisors LLC Acquires 17,997 Shares of NextEra Energy, Inc. $NEE

Key Points

• Stokes Capital Advisors LLC increased its holdings in NextEra Energy, acquiring an additional 17,997 shares, bringing their total to 101,904 shares, which represents 1.7% of their investment portfolio.
• NextEra Energy recently reported a quarterly EPS of $1.05, exceeding expectations of $1.01, with a revenue of $6.70 billion, lower than the anticipated $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, resulting in an annualized dividend of $2.27 and a dividend yield of 3.2%.

Stokes Capital Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 21.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,904 shares of the utilities provider's stock after buying an additional 17,997 shares during the period. NextEra Energy makes up about 1.7% of Stokes Capital Advisors LLC's holdings, making the stock its 25th largest holding. Stokes Capital Advisors LLC's holdings in NextEra Energy were worth $7,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after buying an additional 262,819 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after buying an additional 1,336,259 shares during the period. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the period. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40. Following the completion of the transaction, the executive vice president owned 10,113 shares in the company, valued at $727,124.70. The trade was a 7.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,523 shares of company stock worth $1,476,245. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Stock Up 0.4%

NEE stock traded up $0.25 on Friday, reaching $71.04. 14,817,505 shares of the company traded hands, compared to its average volume of 9,176,082. The firm has a fifty day simple moving average of $72.77 and a 200-day simple moving average of $71.06. 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 one year low of $61.72 and a one year high of $86.10. The company has a market cap of $146.29 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65.

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, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for 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 company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

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.