NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by MSH Capital Advisors LLC

MSH Capital Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 44.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,113 shares of the utilities provider’s stock after purchasing an additional 2,810 shares during the quarter. MSH Capital Advisors LLC’s holdings in NextEra Energy were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Somerset Trust Co increased its stake in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in NextEra Energy during the first quarter worth about $783,000. Viking Fund Management LLC increased its stake in NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock worth $35,091,000 after acquiring an additional 200,000 shares during the last quarter. Trust Co. of Vermont increased its stake in NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider’s stock worth $27,335,000 after acquiring an additional 8,472 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after acquiring an additional 5,949 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.8%

Shares of NEE opened at $71.88 on Wednesday. The company has a market capitalization of $148.02 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.50 and a beta of 0.63. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. 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 stock has a 50-day moving average price of $72.62 and a 200 day moving average price of $70.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy’s dividend payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred 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 transaction, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NEE. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. BMO Capital Markets upped their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their target price on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.