Strs Ohio Acquires Shares of 977,477 NextEra Energy, Inc. $NEE

Strs Ohio acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 977,477 shares of the utilities provider’s stock, valued at approximately $69,293,000.

Several other large investors have also bought and sold shares of NEE. 1 North Wealth Services LLC bought a new position in NextEra Energy during the 1st quarter valued at $26,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth $35,000. Copia Wealth Management purchased a new position in NextEra Energy in the fourth quarter worth $36,000. Semmax Financial Advisors Inc. boosted its position in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NEE. HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,677 shares of company stock valued at $1,415,418. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $71.04 on Thursday. The stock’s 50-day simple moving average is $73.18 and its 200 day simple moving average is $71.05. The stock has a market capitalization of $146.30 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.41 and a beta of 0.65. 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, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

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.