IFG Advisory LLC Raises Holdings in NextEra Energy, Inc. $NEE

IFG Advisory LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 86.2% during the third quarter, Holdings Channel reports. The firm owned 29,779 shares of the utilities provider’s stock after acquiring an additional 13,783 shares during the quarter. IFG Advisory LLC’s holdings in NextEra Energy were worth $2,248,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in NextEra Energy during the 2nd quarter worth $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy in the third quarter valued at $25,000. Howard Hughes Medical Institute purchased a new stake in shares of NextEra Energy in the second quarter valued at about $31,000. Rexford Capital Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at about $34,000. Finally, Abound Wealth Management increased its holdings in shares of NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 237 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE:NEE opened at $91.05 on Friday. The firm’s fifty day simple moving average is $87.06 and its 200-day simple moving average is $82.17. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $189.70 billion, a PE ratio of 27.67 and a beta of 0.76. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 75.68%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares in the company, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,049 shares of company stock worth $14,194,542 in the last quarter. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Morgan Stanley reissued an “overweight” rating and set a $106.00 price target on shares of NextEra Energy in a report on Friday, February 20th. Finally, Barclays raised their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.16.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.