NextEra Energy, Inc. $NEE Position Increased by Thomas J. Herzfeld Advisors Inc.

Key Points

• Thomas J. Herzfeld Advisors Inc. has increased its stake in NextEra Energy, Inc. by 74.9%, now holding 46,697 shares valued at approximately $3.31 million, which constitutes around 1.1% of its investment portfolio.
• Wall Street analysts have shown optimistic projections for NextEra Energy, with the average price target set at $84.23 and ratings ranging from "Strong Buy" to "Hold."
• The company has declared a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 3.0%, scheduled for payment on September 15th.

Thomas J. Herzfeld Advisors Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 74.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,697 shares of the utilities provider's stock after purchasing an additional 20,000 shares during the quarter. NextEra Energy comprises approximately 1.1% of Thomas J. Herzfeld Advisors Inc.'s holdings, making the stock its 25th biggest holding. Thomas J. Herzfeld Advisors Inc.'s holdings in NextEra Energy were worth $3,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Tradition Wealth Management LLC raised 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 worth $470,000 after purchasing an additional 143 shares during the period. Cim LLC raised its holdings in NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after buying an additional 158 shares during the period. Conning Inc. lifted its position in NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after buying an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in NextEra Energy by 0.7% during the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after buying an additional 166 shares during the period. Finally, Opal Wealth Advisors LLC increased its position in shares of NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after acquiring an additional 168 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased 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. Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price on the stock. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.79.

NextEra Energy Stock Down 2.4%

NYSE:NEE traded down $1.79 during mid-day trading on Thursday, reaching $72.10. The stock had a trading volume of 10,916,523 shares, compared to its average volume of 9,115,926. 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 company has a market capitalization of $148.48 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock's 50 day simple moving average is $73.18 and its two-hundred day simple moving average is $70.91.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 return on equity of 12.31% and a net margin of 22.84%.The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Equities analysts anticipate 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 will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

NextEra Energy 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.