11,411 Shares in NextEra Energy, Inc. $NEE Bought by WCG Wealth Advisors LLC

Key Points

• WCG Wealth Advisors LLC purchased a new stake in NextEra Energy, acquiring 11,411 shares valued at approximately $809,000 during the 1st quarter.
• Research analysts have varying ratings for NextEra Energy, with Melius and JPMorgan giving it a "buy" rating and a price target of up to $87.00.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, reflecting a 3.0% yield, with a payout ratio of 79.37%.

WCG Wealth Advisors LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,411 shares of the utilities provider's stock, valued at approximately $809,000.

Other large investors also recently modified their holdings of the company. Tradition Wealth Management LLC raised its holdings in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after acquiring an additional 143 shares in the last quarter. Cim LLC raised its stake in shares of 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 purchasing an additional 158 shares in the last quarter. Conning Inc. raised its stake in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after purchasing an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its stake 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 valued at $427,000 after purchasing an additional 168 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note 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 price objective for the company. UBS Group lowered their target price 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. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Activity at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer 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. 0.20% of the stock is owned by company insiders.

NextEra Energy Trading Down 0.1%

NYSE NEE traded down $0.06 on Friday, reaching $72.03. The company had a trading volume of 11,278,715 shares, compared to its average volume of 11,813,144. The stock has a market cap of $148.34 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.54 and a beta of 0.63. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock's 50 day moving average is $73.20 and its 200-day moving average is $70.93. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping 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%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

About NextEra Energy

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.