Chung Wu Investment Group LLC Invests $167,000 in NextEra Energy, Inc. $NEE

Chung Wu Investment Group LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,400 shares of the utilities provider’s stock, valued at approximately $167,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Petros Family Wealth LLC raised its position in shares of NextEra Energy by 35.6% in the second quarter. Petros Family Wealth LLC now owns 9,249 shares of the utilities provider’s stock valued at $642,000 after purchasing an additional 2,426 shares during the period. Valeo Financial Advisors LLC grew its stake in NextEra Energy by 7.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 35,790 shares of the utilities provider’s stock valued at $2,485,000 after buying an additional 2,328 shares during the last quarter. Plimoth Trust Co. LLC raised its holdings in NextEra Energy by 1.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 57,220 shares of the utilities provider’s stock worth $3,972,000 after acquiring an additional 912 shares during the period. Grimes & Company Inc. lifted its position in NextEra Energy by 23.6% during the 2nd quarter. Grimes & Company Inc. now owns 17,392 shares of the utilities provider’s stock worth $1,207,000 after acquiring an additional 3,322 shares during the last quarter. Finally, Merit Financial Group LLC lifted its position in NextEra Energy by 54.0% during the 2nd quarter. Merit Financial Group LLC now owns 71,114 shares of the utilities provider’s stock worth $4,937,000 after acquiring an additional 24,941 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NEE shares. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research note on Saturday, September 27th. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of the firm’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 transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 2.5%

Shares of NEE stock opened at $80.12 on Monday. The stock has a market cap of $164.98 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The stock has a fifty day moving average price of $72.99 and a 200 day moving average price of $71.28. 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 (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.02%.

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.