NextEra Energy, Inc. $NEE Shares Bought by StrongBox Wealth LLC

Key Points

• StrongBox Wealth LLC increased its holdings in NextEra Energy, Inc. by 6.4% during the second quarter, now owning 71,055 shares valued at approximately $4.93 million.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 3.2% with a payout ratio of 79.37%.
• While NextEra Energy reported a 10.4% year-over-year revenue increase, its latest quarterly earnings surpassed analyst estimates despite a shortfall in revenue forecasts.

StrongBox Wealth LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,055 shares of the utilities provider's stock after purchasing an additional 4,251 shares during the period. NextEra Energy comprises 1.9% of StrongBox Wealth LLC's portfolio, making the stock its 19th biggest holding. StrongBox Wealth LLC's holdings in NextEra Energy were worth $4,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy in the first quarter worth about $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy in the first quarter worth about $32,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy in the first quarter worth about $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Finally, Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $71.90, for a total value of $60,827.40. Following the transaction, the executive vice president owned 10,113 shares in the company, valued at approximately $727,124.70. The trade was a 7.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,523 shares of company stock worth $1,476,245. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Barclays boosted their price target 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 raised NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock 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 issued a Hold rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.00.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.25 during midday trading on Friday, hitting $71.04. 14,817,505 shares of the company were exchanged, compared to its average volume of 9,176,082. The firm has a market capitalization of $146.29 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The business has a fifty day simple moving average of $72.77 and a two-hundred day simple moving average of $71.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 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 analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.02%.

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.