NextEra Energy, Inc. $NEE Shares Purchased by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,282 shares of the utilities provider’s stock after buying an additional 716 shares during the quarter. Ipsen Advisor Group LLC’s holdings in NextEra Energy were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares in the last quarter. Brown Advisory Inc. raised its position in shares of NextEra Energy by 2.7% during the 1st quarter. Brown Advisory Inc. now owns 242,727 shares of the utilities provider’s stock worth $17,207,000 after purchasing an additional 6,485 shares during the last quarter. Silverlake Wealth Management LLC raised its holdings in shares of NextEra Energy by 12.1% in the first quarter. Silverlake Wealth Management LLC now owns 3,389 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 366 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in NextEra Energy by 3.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 17,637 shares of the utilities provider’s stock valued at $1,250,000 after purchasing an additional 620 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the topic of several research reports. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lifted 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. New Street Research set a $84.00 price target on NextEra Energy in a research report on Monday, October 13th. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, October 27th. Finally, Cowen began coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy Trading Down 0.1%

Shares of NEE opened at $82.04 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The stock has a fifty day moving average price of $77.93 and a two-hundred day moving average price of $73.82. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market cap of $170.86 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is 71.97%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is currently owned by corporate insiders.

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.