NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Modus Advisors LLC

Modus Advisors LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 25.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,671 shares of the utilities provider’s stock after purchasing an additional 3,786 shares during the quarter. Modus Advisors LLC’s holdings in NextEra Energy were worth $1,385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Sageworth Trust Co lifted its holdings in NextEra Energy by 1,794.1% in the first quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 305 shares during the period. Your Advocates Ltd. LLP acquired a new stake in shares of NextEra Energy in the 1st quarter worth approximately $31,000. Magellan Asset Management Ltd bought a new position in shares of NextEra Energy in the first quarter valued at approximately $32,000. Ahrens Investment Partners LLC acquired a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. Finally, Portland Hill Asset Management Ltd bought a new stake in NextEra Energy during the fourth quarter worth approximately $39,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. StockNews.com began coverage on NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada reduced their target price on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 30th. Finally, Guggenheim cut their price objective on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $87.90.

Insiders Place Their Bets

In related news, Director Kirk S. Hachigian purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $1,019,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NextEra Energy news, Director James Lawrence Camaren acquired 4,000 shares of NextEra Energy stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $67.85 per share, with a total value of $271,400.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kirk S. Hachigian bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.

NextEra Energy Stock Up 0.4 %

Shares of NYSE NEE traded up $0.29 during mid-day trading on Thursday, reaching $68.72. The company had a trading volume of 1,868,634 shares, compared to its average volume of 8,123,658. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53. NextEra Energy, Inc. has a twelve month low of $65.36 and a twelve month high of $88.61. The stock’s 50 day moving average is $70.05 and its 200-day moving average is $73.47. The stock has a market capitalization of $139.07 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same period in the prior year, the firm posted $0.81 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.11 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 30th will be issued a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, August 29th. NextEra Energy’s dividend payout ratio is presently 46.29%.

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, coal, and natural gas facilities. 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.