Optimum Investment Advisors Buys 373 Shares of NextEra Energy, Inc. $NEE

Optimum Investment Advisors increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,800 shares of the utilities provider’s stock after buying an additional 373 shares during the quarter. Optimum Investment Advisors’ holdings in NextEra Energy were worth $194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avity Investment Management Inc. lifted its position in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the period. Integrity Alliance LLC. raised its position in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after purchasing an additional 7,401 shares during the last quarter. Elyxium Wealth LLC bought a new position in NextEra Energy in the 1st quarter valued at $783,000. Czech National Bank raised its position in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after purchasing an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. raised its position in NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.4%

NYSE NEE opened at $84.42 on Friday. The stock has a fifty day moving average of $76.64 and a 200-day moving average of $72.84. The stock has a market capitalization of $173.85 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. 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 (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.31% and a net margin of 22.84%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid 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 is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Barclays set a $87.00 target price on NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $88.38.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 sale, the executive vice president directly owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,528 shares of company stock valued at $2,277,773 in the last three months. 0.20% of the stock is currently owned by company insiders.

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.