NextEra Energy, Inc. $NEE Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,262 shares of the utilities provider’s stock after acquiring an additional 2,480 shares during the period. Sax Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,337,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avity Investment Management Inc. boosted its position in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares in the last quarter. Integrity Alliance LLC. boosted its position in NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in NextEra Energy during the first quarter worth $783,000. Czech National Bank boosted its position in NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. boosted its position in NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 263 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $84.06 on Thursday. The firm has a market capitalization of $173.10 billion, a PE ratio of 29.39, a P/E/G ratio of 2.87 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. The business has a 50-day moving average of $73.69 and a two-hundred day moving average of $71.53. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during 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 firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 79.02%.

Insider Activity at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 over the last three months. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NEE. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research report on Monday. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. Morgan Stanley restated an “overweight” rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

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.