NextEra Energy, Inc. $NEE Shares Bought by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,900 shares of the utilities provider’s stock after buying an additional 460 shares during the quarter. Southeast Asset Advisors LLC’s holdings in NextEra Energy were worth $773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $30,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Morgan Stanley decreased their target price 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. Melius assumed coverage on NextEra Energy in a research note on Wednesday. They set a “buy” rating and a $77.00 target price for the company. 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 note on Friday, May 23rd. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.23.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $76.2270 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a 50 day moving average of $73.04 and a two-hundred day moving average of $70.80. The stock has a market cap of $156.97 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.63 and a beta of 0.63.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 3.0%. NextEra Energy’s payout ratio is presently 79.02%.

Insider Buying and Selling

In other news, EVP Robert Coffey sold 7,500 shares of the business’s 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 owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

NextEra Energy 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.