NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,857 shares of the utilities provider’s stock after purchasing an additional 684 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in NextEra Energy were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Proffitt & Goodson Inc. increased its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares during the last quarter. Clear Investment Research LLC grew its holdings in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. American Capital Advisory LLC increased its position 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 worth $31,000 after purchasing an additional 205 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $40,000. 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 $84.65 on Monday. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $84.73. The company has a market cap of $173.99 billion, a PE ratio of 23.07, a P/E/G ratio of 3.03 and a beta of 0.56. The stock has a 50 day simple moving average of $77.31 and a 200-day simple moving average of $71.45. 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 (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.43%. NextEra Energy’s payout ratio is 56.13%.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley raised their price objective on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Barclays lifted their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Finally, Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.