Tower View Wealth Management LLC Acquires 3,980 Shares of NextEra Energy, Inc. $NEE

Key Points

• Tower View Wealth Management LLC significantly increased its stake in NextEra Energy by acquiring 3,980 shares, raising its total holdings by 1,313.5% during the second quarter, valuing the investment at $297,000.
• Analysts have mixed forecasts for NextEra Energy, with target prices ranging from $67.00 to $95.00; overall, the stock holds a "Moderate Buy" rating with an average price target of $84.08.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, resulting in an annualized dividend yield of 2.9%, with a payout ratio of 79.02%.

Tower View Wealth Management LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1,313.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,283 shares of the utilities provider's stock after purchasing an additional 3,980 shares during the quarter. Tower View Wealth Management LLC's holdings in NextEra Energy were worth $297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy during the 1st quarter valued at $32,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the 1st quarter worth $35,000. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares in the last quarter. Finally, 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 worth $37,000 after acquiring an additional 366 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Morgan Stanley reiterated an "overweight" rating and issued a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned 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 $84.08.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 in the last three months. 0.20% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $78.10 on Friday. The company's 50-day moving average is $72.82 and its 200 day moving average is $71.21. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market capitalization of $160.83 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

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, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.9%. NextEra Energy's dividend payout ratio is 79.02%.

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.

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