Vest Financial LLC Purchases 61,018 Shares of NextEra Energy, Inc. $NEE

Key Points

• Vest Financial LLC increased its holdings in NextEra Energy by 7.6%, acquiring an additional 61,018 shares during the 2nd quarter, bringing their total to 864,153 shares valued at approximately $60 million.
• Shares of NextEra Energy have a consensus price target of $85.08, with varying ratings from analysts, including a majority recommending a Buy or Strong Buy.
• NextEra Energy has a debt-to-equity ratio of 1.36 and reported quarterly earnings of $1.05 per share, exceeding estimates, although revenue fell short of expectations at $6.70 billion.

Vest Financial LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 864,153 shares of the utilities provider's stock after purchasing an additional 61,018 shares during the quarter. NextEra Energy accounts for approximately 0.8% of Vest Financial LLC's investment portfolio, making the stock its 27th largest position. Vest Financial LLC's holdings in NextEra Energy were worth $59,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avity Investment Management Inc. lifted its position in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock worth $35,162,000 after purchasing an additional 8,565 shares during the period. Integrity Alliance LLC. lifted its position in NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock worth $1,779,000 after purchasing an additional 7,401 shares during the period. Elyxium Wealth LLC bought a new stake in NextEra Energy during the first quarter worth about $783,000. Czech National Bank lifted its position in NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock worth $34,932,000 after purchasing an additional 30,878 shares during the period. Finally, Bowman & Co S.C. lifted its position in NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock worth $933,000 after purchasing an additional 263 shares during the period. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. BMO Capital Markets upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an "outperform" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.08.

NextEra Energy Stock Performance

NextEra Energy stock opened at $83.30 on Monday. The business has a 50 day moving average of $74.20 and a 200-day moving average of $71.75. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00. 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 $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm's revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio is currently 79.37%.

Insider Buying and Selling

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock valued at $2,446,490 over the last three months. Insiders own 0.18% of the company's stock.

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.

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