Vantage Wealth Acquires 16,500 Shares of NextEra Energy, Inc. $NEE

Key Points

• Vantage Wealth increased its holdings in NextEra Energy by 7.1%, now owning 248,435 shares valued at approximately $17.25 million.
• Insiders have sold a total of 20,523 shares worth nearly $1.48 million over the past three months, representing a decrease in their ownership.
• NextEra Energy announced a quarterly dividend of $0.5665, yielding 3.2% annually, with a payout ratio of 79.37%.

Vantage Wealth increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,435 shares of the utilities provider's stock after acquiring an additional 16,500 shares during the period. NextEra Energy comprises about 3.9% of Vantage Wealth's portfolio, making the stock its 21st biggest position. Vantage Wealth's holdings in NextEra Energy were worth $17,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $32,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the 1st quarter valued at about $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. Finally, Semmax Financial Advisors Inc. lifted 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 valued at $36,000 after purchasing an additional 392 shares during the period. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEE. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. HSBC dropped 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 upped their price target on 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 reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the 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 completion of the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the transaction, the executive vice president directly owned 10,113 shares of the company's stock, valued at approximately $727,124.70. This trade represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock valued at $1,476,245 in the last three months. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.09 during trading on Tuesday, hitting $72.44. The company's stock had a trading volume of 3,922,840 shares, compared to its average volume of 11,613,925. The company has a market cap of $149.18 billion, a PE ratio of 25.31, a P/E/G ratio of 2.45 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The business has a fifty day moving average of $72.71 and a 200-day moving average of $71.07. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results 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 during 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company 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. This represents a $2.27 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.37%.

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.