Modern Wealth Management LLC Buys 10,638 Shares of NextEra Energy, Inc. $NEE

Modern Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 211,643 shares of the utilities provider’s stock after acquiring an additional 10,638 shares during the quarter. Modern Wealth Management LLC’s holdings in NextEra Energy were worth $15,003,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the 1st quarter worth about $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy during the 1st quarter worth about $32,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the 1st quarter worth about $35,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $36,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,677 shares of company stock valued at $1,415,418. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent research reports. Barclays lifted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.00.

NextEra Energy Price Performance

NYSE:NEE opened at $71.36 on Friday. The firm has a market cap of $146.95 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $73.13 and its two-hundred day moving average price is $71.05.

NextEra Energy (NYSE:NEE) last released 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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the business earned $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, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid 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 3.2%. NextEra Energy’s payout ratio is currently 79.02%.

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.