Key Client Fiduciary Advisors LLC Buys 868 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Client Fiduciary Advisors LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,587 shares of the utilities provider’s stock after buying an additional 868 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in NextEra Energy were worth $750,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Clear Investment Research LLC raised 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 during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at about $29,000. American Capital Advisory LLC lifted its position in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE traded down $0.12 during midday trading on Wednesday, hitting $78.00. 4,620,687 shares of the company traded hands, compared to its average volume of 11,467,534. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.56. The firm has a market cap of $160.25 billion, a P/E ratio of 21.25, a PEG ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a 50-day moving average of $73.91 and a 200-day moving average of $67.73.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.64%. NextEra Energy’s payout ratio is currently 56.13%.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NEE shares. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. BMO Capital Markets lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada increased their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company restated an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.29.

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.