Stratos Wealth Partners LTD. Acquires 5,728 Shares of NextEra Energy, Inc. $NEE

Key Points

• Stratos Wealth Partners LTD. increased its stake in NextEra Energy by 7.8%, acquiring an additional 5,728 shares during the second quarter, bringing their total holdings to 79,278 shares valued at approximately $5.5 million.
• NextEra Energy reported $1.05 earnings per share for the last quarter, exceeding analyst expectations, although revenues were below consensus estimates at $6.70 billion.
• The company's quarterly dividend of $0.5665 was paid on September 15, resulting in an annualized yield of 2.7% with a payout ratio of 79.37%.

Stratos Wealth Partners LTD. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,278 shares of the utilities provider's stock after acquiring an additional 5,728 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in NextEra Energy were worth $5,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its holdings 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 valued at $348,000 after acquiring an additional 298 shares during the period. GAMMA Investing LLC boosted its stake in shares of NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after purchasing an additional 5,949 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of NextEra Energy by 5.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 4,390 shares of the utilities provider's stock valued at $311,000 after purchasing an additional 228 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of NextEra Energy by 1.6% in the 1st quarter. Boston Trust Walden Corp now owns 32,004 shares of the utilities provider's stock worth $2,269,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.48 on Friday. 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 50 day simple moving average of $75.54 and a 200 day simple moving average of $72.24. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74. The firm has a market cap of $173.97 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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 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 business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of NextEra Energy in a report on Thursday. They set a "buy" rating and a $98.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Finally, Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an "outperform" rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.40.

Insider Activity

In related news, EVP Charles E. Sieving sold 11,336 shares of the business's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.20% 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.

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