Luts & Greenleigh Group Inc. Makes New $276,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Luts & Greenleigh Group Inc. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,892 shares of the utilities provider’s stock, valued at approximately $276,000.

Several other large investors have also recently bought and sold shares of NEE. Aveo Capital Partners LLC lifted its holdings in NextEra Energy by 17.7% during the 4th quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after buying an additional 1,206 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of NextEra Energy by 49.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after purchasing an additional 4,046 shares during the period. TrinityPoint Wealth LLC lifted its stake in shares of NextEra Energy by 2.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after purchasing an additional 507 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of NextEra Energy by 268.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 94,595 shares of the utilities provider’s stock valued at $5,746,000 after purchasing an additional 68,905 shares during the period. Finally, Balentine LLC lifted its stake in shares of NextEra Energy by 79.1% in the 4th quarter. Balentine LLC now owns 11,860 shares of the utilities provider’s stock valued at $720,000 after purchasing an additional 5,237 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $84.63 on Tuesday. The stock has a 50-day moving average price of $77.56 and a two-hundred day moving average price of $71.66. The stock has a market cap of $173.88 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. 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, Inc. has a 1 year low of $47.15 and a 1 year high of $85.56.

NextEra Energy (NYSE:NEE) last released its 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 firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.88 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.43%. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Wednesday, June 12th. Morgan Stanley increased their price target on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

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.