4,678 Shares in NextEra Energy, Inc. $NEE Acquired by Strategies Wealth Advisors LLC

Key Points

• Strategies Wealth Advisors LLC invested $332,000 in NextEra Energy, Inc., acquiring 4,678 shares during the 1st quarter.
• Insider trading activity included Treasurer James Michael May selling 2,177 shares and EVP Robert Coffey selling 7,500 shares, indicating significant movements in executive ownership.
• The company reported an earnings per share (EPS) of $1.05 for the recent quarter, exceeding analysts' expectations, though revenue fell short of estimates at $6.70 billion.

Strategies Wealth Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,678 shares of the utilities provider's stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $30,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at about $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. CBIZ Investment Advisory Services LLC grew its stake in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new stake in NextEra Energy during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded down $0.93 on Monday, reaching $75.39. The stock had a trading volume of 6,337,673 shares, compared to its average volume of 11,861,434. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a fifty day moving average of $73.04 and a two-hundred day moving average of $70.81. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $155.25 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. NextEra Energy's revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.0%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Barclays raised 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. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. One investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.23.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.