Caitlin John LLC Buys 3,411 Shares of NextEra Energy, Inc. $NEE

Caitlin John LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 42,637.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,419 shares of the utilities provider’s stock after purchasing an additional 3,411 shares during the period. Caitlin John LLC’s holdings in NextEra Energy were worth $242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of NextEra Energy by 14.9% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 662,499 shares of the utilities provider’s stock worth $46,965,000 after acquiring an additional 85,860 shares during the last quarter. Haverford Trust Co increased its holdings in shares of NextEra Energy by 10.1% during the 1st quarter. Haverford Trust Co now owns 1,777,747 shares of the utilities provider’s stock worth $126,025,000 after acquiring an additional 163,225 shares during the last quarter. Phoenix Wealth Advisors increased its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Phoenix Wealth Advisors now owns 24,777 shares of the utilities provider’s stock worth $1,756,000 after acquiring an additional 539 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of NextEra Energy by 254.9% during the 1st quarter. Sax Wealth Advisors LLC now owns 16,782 shares of the utilities provider’s stock worth $1,190,000 after acquiring an additional 12,054 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of NextEra Energy by 101.5% during the 1st quarter. AlphaQuest LLC now owns 29,360 shares of the utilities provider’s stock worth $2,081,000 after acquiring an additional 14,788 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 18th. UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $84.23.

NextEra Energy Stock Up 0.2%

Shares of NYSE NEE opened at $76.2270 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $156.97 billion, a P/E ratio of 26.65, a PEG ratio of 2.62 and a beta of 0.63. The stock’s fifty day moving average is $73.04 and its 200 day moving average is $70.79.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

Insiders Place Their Bets

In related news, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.