Courier Capital LLC Acquires 1,379 Shares of NextEra Energy, Inc. $NEE

Courier Capital LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,253 shares of the utilities provider’s stock after buying an additional 1,379 shares during the period. Courier Capital LLC’s holdings in NextEra Energy were worth $1,545,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc boosted its stake in shares of NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares during the period. McKinley Carter Wealth Services Inc. boosted its stake in shares of NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 142 shares during the period. Tradition Wealth Management LLC boosted its stake in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its stake in shares of NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 145 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.67 on Wednesday. The stock has a market cap of $174.37 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. 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 1 year low of $61.72 and a 1 year high of $86.00. The firm has a 50-day moving average of $74.74 and a two-hundred day moving average of $71.94.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 analysts’ expectations of $7.52 billion. During the same period in the previous year, the company earned $0.96 EPS. The firm’s quarterly revenue 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 firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.02%.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.57.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the company’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 sale, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of the company’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 sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,705 shares of company stock worth $2,446,490. Insiders own 0.18% of the company’s stock.

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.