2,979 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Insight Advisors LLC PA

Insight Advisors LLC PA purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,979 shares of the utilities provider’s stock, valued at approximately $211,000.

A number of other hedge funds also recently bought and sold shares of the company. Clear Investment Research LLC lifted its holdings in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy during the 4th quarter valued at about $29,000. American Capital Advisory LLC increased its holdings in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Stuart Chaussee & Associates Inc. lifted its position in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. BMO Capital Markets upped their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America increased their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, Barclays upped their price objective on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.29.

NextEra Energy Stock Performance

NEE traded up $0.25 on Tuesday, hitting $77.83. 2,048,721 shares of the stock traded hands, compared to its average volume of 11,491,965. The business has a fifty day moving average price of $73.87 and a two-hundred day moving average price of $67.52. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.56. The firm has a market capitalization of $159.90 billion, a PE ratio of 21.14, a P/E/G ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the company posted $0.88 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.