Ransom Advisory Ltd Buys New Shares in NextEra Energy, Inc. $NEE

Ransom Advisory Ltd acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 26,530 shares of the utilities provider’s stock, valued at approximately $1,881,000. NextEra Energy comprises 0.9% of Ransom Advisory Ltd’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Glenview Trust co grew its holdings in shares of NextEra Energy by 11.6% during the 1st quarter. Glenview Trust co now owns 259,523 shares of the utilities provider’s stock worth $18,398,000 after purchasing an additional 27,071 shares during the period. Aspen Investment Management Inc boosted its position in NextEra Energy by 2.4% in the 1st quarter. Aspen Investment Management Inc now owns 15,464 shares of the utilities provider’s stock valued at $1,096,000 after buying an additional 358 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its stake in NextEra Energy by 5.9% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 359,356 shares of the utilities provider’s stock valued at $25,475,000 after purchasing an additional 20,000 shares in the last quarter. SageView Advisory Group LLC grew its position in shares of NextEra Energy by 3.1% during the first quarter. SageView Advisory Group LLC now owns 25,077 shares of the utilities provider’s stock worth $1,778,000 after buying an additional 753 shares in the last quarter. Finally, Advisory Alpha LLC increased its position in shares of NextEra Energy by 1.7% in the 1st quarter. Advisory Alpha LLC now owns 15,643 shares of the utilities provider’s stock worth $1,109,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company’s stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,677 shares of company stock valued at $1,415,418. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NEE opened at $70.07 on Wednesday. The company has a market cap of $144.29 billion, a P/E ratio of 24.50, a PEG ratio of 2.40 and a beta of 0.65. The stock has a fifty day moving average price of $73.22 and a 200 day moving average price of $71.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. 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 payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NEE shares. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. UBS Group dropped 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. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.00.

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.