6,355 Shares in NextEra Energy, Inc. $NEE Bought by Integrity Advisory Solutions LLC

Integrity Advisory Solutions LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,355 shares of the utilities provider’s stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $31,000. Abound Wealth Management grew its holdings in shares of NextEra Energy by 108.2% during the 3rd 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 last quarter. Finally, Rexford Capital Inc. acquired a new position in NextEra Energy during the 2nd quarter worth approximately $34,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Seaport Research Partners dropped their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Argus set a $92.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Stock Performance

NYSE:NEE opened at $91.03 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91. The company has a 50 day simple moving average of $87.27 and a two-hundred day simple moving average of $82.28. The company has a market capitalization of $189.66 billion, a PE ratio of 27.67 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (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 company earned $0.53 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

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

Insider Buying and Selling at NextEra Energy

In other news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. The trade was a 65.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. The trade was a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 159,049 shares of company stock valued at $14,194,542. 0.20% of the stock is currently owned by insiders.

About NextEra Energy

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.