140,957 Shares in NextEra Energy, Inc. $NEE Purchased by United Capital Management of KS Inc.

Key Points

• United Capital Management of KS Inc. has invested approximately $9.99 million in NextEra Energy, Inc., acquiring 140,957 shares, which now make up 2.1% of their portfolio.
• NextEra Energy recently reported earnings of $1.05 per share, surpassing analysts' expectations, along with a revenue of $6.70 billion for the quarter.
• The company announced a quarterly dividend of $0.5665 per share, resulting in an annualized dividend yield of 3.1%.

United Capital Management of KS Inc. purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 140,957 shares of the utilities provider's stock, valued at approximately $9,992,000. NextEra Energy comprises about 2.1% of United Capital Management of KS Inc.'s portfolio, making the stock its 14th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in NEE. GQG Partners LLC lifted its stake in NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in NextEra Energy during the fourth quarter worth approximately $240,269,000. Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. GAMMA Investing LLC raised its holdings in NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

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 shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction 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 sale, the treasurer 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. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NEE traded up $0.8220 during trading on Tuesday, hitting $76.5420. The stock had a trading volume of 7,714,969 shares, compared to its average volume of 11,912,004. 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 firm has a market capitalization of $157.62 billion, a P/E ratio of 26.76, a PEG ratio of 2.60 and a beta of 0.63. The company's 50-day moving average price is $72.83 and its 200 day moving average price is $70.63. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Analyst Ratings Changes

A number of research firms have weighed in on NEE. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Finally, Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.42.

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.